ProShares UltraShort Utilities Price & Performance (SDP)

Investors have poured $1.3 billion into utilities sector funds in March, marking the largest inflow for the group this year. This move comes as market turbulence pushes traders toward defensive plays, with utilities and consumer defensive funds standing out as key beneficiaries. Dividend strategies and leveraged equity funds also saw increased demand.12

ProShares UltraShort Utilities ETF (SDP) has been downgraded from a buy to a sell candidate after a 1.79% price drop on April 17, despite a 2.37% gain over two weeks. Technical indicators signal potential weakness ahead, with increased trading volume on falling prices suggesting caution for near-term investors.34

SDP closed at $15.58 on April 17, down 1.77% during regular hours. However, the ETF rebounded in extended trading, reaching $15.93, up 2.24%. This after-hours move may indicate renewed interest, but the week saw a 14.9% drop in page views, hinting at waning retail attention.45