UGE

ProShares Ultra Consumer Staples

$16.52

+0.00%

Market closed. Last update: 11:56 AM ET

📎 Investment Objective

The ProShares Ultra Consumer Staples ETF (UGE) seeks to provide 2x the daily return of the Dow Jones U.S. Consumer Staples Index, which tracks the performance of companies in the consumer staples sector.

Overview

ETF tracking ProShares Ultra Consumer Staples

Category Leveraged

Issuer ProShares

Inception Date 2008-11-12

Market Cap $7.1M

Average Volume N/A

Dividend Yield 2.34%

52-Week Range $15.88 - $20.21

VWAP $16.49

Performance

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Price Chart

Investment Summary

📎 Investment Objective

🎯 Investment Strategy

The fund uses derivatives, such as swaps and futures contracts, to provide the 2x leveraged exposure to the underlying index. It does not actually invest directly in the component stocks of the index.

✨ Key Features

Provides 2x the daily performance of the Dow Jones U.S. Consumer Staples Index
Utilizes derivatives to achieve the leveraged exposure
Focuses on the consumer staples sector, which includes companies that produce essential household goods
Designed for short-term trading, not long-term buy-and-hold investing

⚠️ Primary Risks

Significant risk of loss due to the leveraged nature of the fund
Potential for volatility and large daily swings in the share price
Tracking error risk, as the fund may not perfectly match the 2x daily performance of the index
Counterparty risk associated with the derivative instruments used

👤 Best For

This ETF is best suited for experienced, risk-tolerant investors with a short-term trading horizon who are looking for magnified exposure to the consumer staples sector. It is not recommended for long-term buy-and-hold investors or those with a low risk tolerance.