EZJ

ProShares Ultra MSCI Japan

$52.82

+0.00%

Market closed. Last update: 10:56 PM ET

📎 Investment Objective

The ProShares Ultra MSCI Japan ETF (EZJ) seeks to provide 2x the daily return of the MSCI Japan Index, which tracks the performance of large- and mid-cap Japanese equities.

Overview

ETF tracking ProShares Ultra MSCI Japan

Category Leveraged

Issuer ProShares

Inception Date 2009-06-04

Market Cap $7.9M

Average Volume N/A

Dividend Yield 1.17%

52-Week Range $29.97 - $53.34

VWAP $51.92

Performance

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Investment Summary

📎 Investment Objective

The ProShares Ultra MSCI Japan ETF (EZJ) seeks to provide 2x the daily return of the MSCI Japan Index, which tracks the performance of large- and mid-cap Japanese equities.

🎯 Investment Strategy

The fund uses derivatives, such as swap agreements and futures contracts, to provide the 2x leveraged exposure to the underlying index. It does not invest directly in the component stocks of the index.

✨ Key Features

Provides 2x the daily performance of the MSCI Japan Index
Uses derivatives to achieve the leveraged exposure
Designed for short-term trading and not suitable for long-term buy-and-hold investors
Has a very low expense ratio of 0.00%

⚠️ Primary Risks

Significant daily volatility and potential for large losses due to the leveraged nature of the fund
Tracking error risk as the fund may not perfectly match the 2x daily return of the underlying index
Counterparty risk associated with the derivative instruments used
Lack of long-term performance history

👤 Best For

This ETF is best suited for experienced, sophisticated investors with a high risk tolerance who are looking to make short-term, speculative bets on the Japanese equity market. It is not recommended for long-term, buy-and-hold investors due to the daily reset of the leverage and potential for significant losses over extended holding periods.