RXL

ProShares Ultra Health Care

$50.08

+0.00%

Market closed. Last update: 10:54 PM ET

📎 Investment Objective

The ProShares Ultra Health Care ETF (RXL) seeks to provide daily investment results that correspond to two times (2x) the daily performance of the Dow Jones U.S. Health Care Index.

Overview

ETF tracking ProShares Ultra Health Care

Category Leveraged

Issuer ProShares

Inception Date 2008-11-12

Market Cap $79.6M

Average Volume N/A

Dividend Yield 1.41%

52-Week Range $36.75 - $51.55

VWAP $50.17

Performance

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Price Chart

Investment Summary

📎 Investment Objective

The ProShares Ultra Health Care ETF (RXL) seeks to provide daily investment results that correspond to two times (2x) the daily performance of the Dow Jones U.S. Health Care Index.

🎯 Investment Strategy

The fund uses a combination of financial instruments, such as futures contracts and swap agreements, to achieve its 2x daily leverage objective. It does not invest directly in the underlying stocks of the index.

✨ Key Features

Provides 2x the daily performance of the Dow Jones U.S. Health Care Index
Utilizes derivatives and leverage to amplify returns
Resets daily, so longer-term performance may differ from the target multiple
Relatively high expense ratio compared to non-leveraged health care ETFs

⚠️ Primary Risks

Significant risk of loss due to the leveraged nature of the fund
Potential for increased volatility and deviation from the target multiple over time
Counterparty risk associated with the use of derivatives
Lack of a performance history, as the fund is relatively new

👤 Best For

This ETF is best suited for experienced, risk-tolerant investors who seek short-term, leveraged exposure to the health care sector and understand the risks associated with daily resetting leveraged funds. It is not recommended for long-term buy-and-hold investors or those with a low risk tolerance.