Spread represents the difference between ASK price and BID price. CFD Rollover adjustment consists of the difference in price between expiring contract and new contract as well as the spread of the CFD. Swap is the overnight interest credited to or debited from an account where positions are held overnight. For further information, please refer to our Frequently Asked Questions page.
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About Sdow and Sdow Trading
ProShares UltraPro Short Dow30 (Sdow) is a leveraged inverse Exchange Traded Fund targetting a daily return that is three times the inverse of the daily performance of the Dow Jones Industrial Average. ETFs (Exchange Traded Funds) allow traders to track the performance of specific indices, bonds, or a group of assets. In this case, Sdow, issued on September 2, 2010, tracks the performance of the USA30 index that includes 30 large-cap, "blue-chip" U.S. stocks
Like any inverse ETF, the fund is designed to move in the opposite direction of an index (Dow Jones), using leveraged investments such as short sales and futures contracts.
What is a leveraged inverse ETF?
An inverse ETF is an exchange-traded fund (ETF) constructed by using various derivatives to take advantage of a fall in the value of an underlying benchmark. Investing in inverse ETFs works the same way as holding various short positions and involves borrowing securities and selling them, hoping for a later repurchase at a lower price.