UPRO

ProShares UltraPro S&P 500

$112.08

+0.00%

Market closed. Last update: 10:54 PM ET

📎 Investment Objective

UPRO seeks to provide 3x the daily return of the S&P 500 Index, before fees and expenses. This is a leveraged ETF that aims to amplify the performance of the underlying index.

Overview

ETF tracking ProShares UltraPro S&P 500

Category Leveraged

Issuer ProShares

Inception Date 2009-06-25

Market Cap $4.6B

Average Volume N/A

Dividend Yield 0.79%

52-Week Range $50.65 - $120.91

VWAP $111.49

Performance

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Investment Summary

📎 Investment Objective

UPRO seeks to provide 3x the daily return of the S&P 500 Index, before fees and expenses. This is a leveraged ETF that aims to amplify the performance of the underlying index.

🎯 Investment Strategy

UPRO uses derivatives and other financial instruments to provide 3x the daily performance of the S&P 500. It does not aim to achieve 3x the performance over longer time periods.

✨ Key Features

Provides 3x daily leveraged exposure to the S&P 500 Index
Uses derivatives and other instruments to achieve its target leverage
Resets leverage daily, so long-term returns may differ significantly from 3x the index
Has no assets under management as it is a new fund

⚠️ Primary Risks

Significant daily volatility and potential for large losses due to leverage
Risk of divergence from 3x the daily index return over longer time periods
Counterparty risk from use of derivatives
Potential for higher tracking error and slippage compared to unleveraged index funds

👤 Best For

UPRO is a highly speculative investment suitable only for experienced, risk-tolerant investors with a very short investment horizon who understand the risks of daily leveraged exposure. It is not recommended for long-term buy-and-hold investors.