UJB

ProShares Ultra High Yield

$77.47

+0.00%

Market closed. Last update: 10:54 PM ET

📎 Investment Objective

The ProShares Ultra High Yield ETF (UJB) seeks to provide investment results that correspond to two times (2x) the daily performance of the ICE BofA US High Yield Index.

Overview

ETF tracking ProShares Ultra High Yield

Category Leveraged

Issuer ProShares

Inception Date 2011-04-14

Market Cap $6.2M

Average Volume N/A

Dividend Yield 2.98%

52-Week Range $67.47 - $79.35

VWAP $77.57

Performance

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Price Chart

Investment Summary

📎 Investment Objective

The ProShares Ultra High Yield ETF (UJB) seeks to provide investment results that correspond to two times (2x) the daily performance of the ICE BofA US High Yield Index.

🎯 Investment Strategy

The fund uses a combination of financial instruments, such as swap agreements and futures contracts, to provide leveraged exposure to the underlying high yield bond index. It aims to deliver twice the daily returns of the index, before fees and expenses.

✨ Key Features

Provides 2x leveraged exposure to the high yield bond market
Tracks the ICE BofA US High Yield Index, a widely followed benchmark for high yield corporate debt
Designed for short-term trading and not intended for long-term buy-and-hold investors
Expense ratio of 0.00%

⚠️ Primary Risks

Significant risk of loss due to the leveraged nature of the fund
Potential for increased volatility and larger losses compared to the underlying index
Risks associated with high yield bonds, including credit risk and liquidity risk
Tracking error between the fund's performance and the target index

👤 Best For

This ETF is designed for experienced, risk-tolerant investors who seek short-term, leveraged exposure to the high yield bond market and understand the risks associated with leveraged products. It is not suitable for long-term, buy-and-hold investors or those with a low risk tolerance.