UYG

ProShares Ultra Financials

$93.09

+0.00%

Market closed. Last update: 10:54 PM ET

📎 Investment Objective

The ProShares Ultra Financials ETF (UYG) seeks to provide daily investment results that correspond to twice (2x) the daily performance of the Dow Jones U.S. Financials Index.

Overview

ETF tracking ProShares Ultra Financials

Category Leveraged

Issuer ProShares

Inception Date 2008-11-12

Market Cap $831.5M

Average Volume N/A

Dividend Yield 1.05%

52-Week Range $68.55 - $100.36

VWAP $93.22

Performance

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Price Chart

Investment Summary

📎 Investment Objective

The ProShares Ultra Financials ETF (UYG) seeks to provide daily investment results that correspond to twice (2x) the daily performance of the Dow Jones U.S. Financials 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. Financials Index
Utilizes derivatives and leverage to amplify index returns
Resets daily, so longer-term performance may differ from 2x the index
Very small asset base and low trading volume

⚠️ Primary Risks

Significant daily rebalancing risk due to leverage
Potential for large losses if the underlying index declines
Liquidity risk due to low trading volume and asset size
Counterparty risk associated with derivative instruments

👤 Best For

This ETF is intended for experienced, risk-tolerant investors who understand the risks of leveraged products and are seeking short-term, speculative exposure to the financial sector. It is not suitable for long-term buy-and-hold investors.