ProShares UltraShort S&P500 SDS ETF

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Definition of 'ProShares UltraShort S&P500 SDS ETF'

The SDS is an ETF managed by ProShares, an investment fund manager. This ETF seeks a return of -200% of the return of the S&P500 index for a single day. (Note: compounding effects will make the multi-day return different.)

Compare this to ProShares Ultra S&P500 SSO.

ProShares official page on the SDS:
http://www.proshares.com/funds/sds.html

Ticker: SDS
Intraday Ticker: SDS.IV
CUSIP: 74347R883
Inception Date: 7/11/06
Expense Ratio: 0.91%
NAV Calculation Time: 4:00 p.m. ET

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