UYM

ProShares Ultra Materials

$22.52

+0.00%

Market closed. Last update: 10:57 PM ET

📎 Investment Objective

UYM seeks to provide 2x the daily performance of the Dow Jones U.S. Basic Materials Index, which tracks companies in the basic materials sector.

Overview

ETF tracking ProShares Ultra Materials

Category Leveraged

Issuer ProShares

Inception Date 2008-11-12

Market Cap $31.2M

Average Volume N/A

Dividend Yield 1.48%

52-Week Range $17.28 - $29.17

VWAP $22.68

Performance

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Investment Summary

📎 Investment Objective

UYM seeks to provide 2x the daily performance of the Dow Jones U.S. Basic Materials Index, which tracks companies in the basic materials sector.

🎯 Investment Strategy

UYM uses derivatives, such as swaps and futures contracts, to provide leveraged exposure to the underlying index. The fund aims to achieve its 2x target on a daily basis, but its performance may deviate from this target over longer time periods due to the effects of compounding.

✨ Key Features

Provides 2x leveraged exposure to the U.S. basic materials sector
Utilizes derivatives to achieve its targeted daily performance
Designed for short-term trading, not long-term buy-and-hold
Has not yet accumulated any assets under management

⚠️ Primary Risks

Significant risk of loss due to the leveraged nature of the fund
Potential for divergence from the 2x daily target over longer time frames
Increased volatility compared to the underlying index
Liquidity risk due to low trading volume and assets under management

👤 Best For

UYM is best suited for experienced, risk-tolerant investors with a short-term trading horizon who seek to amplify their exposure to the U.S. basic materials sector. This fund is not recommended for long-term buy-and-hold investors due to the effects of compounding and the risks associated with leveraged products.