UPW

ProShares Ultra Utilities

$93.69

+0.00%

Market closed. Last update: 10:57 PM ET

📎 Investment Objective

The ProShares Ultra Utilities ETF (UPW) seeks to provide 2x the daily return of the Dow Jones U.S. Utilities Index, which tracks the performance of U.S. utility companies.

Overview

ETF tracking ProShares Ultra Utilities

Category Leveraged

Issuer ProShares

Inception Date 2008-11-12

Market Cap $17.3M

Average Volume N/A

Dividend Yield 1.73%

52-Week Range $65.64 - $103.09

VWAP $93.76

Performance

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Price Chart

Investment Summary

📎 Investment Objective

The ProShares Ultra Utilities ETF (UPW) seeks to provide 2x the daily return of the Dow Jones U.S. Utilities Index, which tracks the performance of U.S. utility companies.

🎯 Investment Strategy

UPW uses a leveraged strategy, meaning it aims to amplify the daily returns of the underlying index by a factor of 2. This is achieved through the use of derivative instruments such as swaps and futures contracts.

✨ Key Features

Provides 2x the daily performance of the Dow Jones U.S. Utilities Index
Utilizes leverage to magnify the returns of the underlying index
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 risk of loss due to the leveraged nature of the fund
Potential for increased volatility compared to the underlying index
Tracking error risk, as the fund may not perfectly match the 2x daily performance of the index
Liquidity risk, as the fund has a relatively small asset base

👤 Best For

UPW is best suited for experienced, risk-tolerant investors who understand the risks of leveraged ETFs and are looking to make short-term, speculative bets on the performance of the U.S. utilities sector. It is not recommended for long-term, buy-and-hold investors.