What the SSO (2x S&P) is composed of (at Proshares)?

Discussion in 'Stocks' started by crgarcia, Sep 11, 2008.

  1. Futures?
    Buying ETFs on margin?

    Why SSO is twice the DAILY movement of the S&P and not just twice the S&P in simple leverage?
  2. cszulc


    They're in equity swaps (leveraged instruments) whose specific value changes day-to-day based on the movement of the S&P.