UWM

ProShares Ultra Russell2000

$44.08

+0.00%

Market closed. Last update: 11:58 AM ET

📎 Investment Objective

The UWM ETF seeks to provide 2x the daily return of the Russell 2000 Index, which tracks small-cap U.S. stocks.

Overview

ETF tracking ProShares Ultra Russell2000

Category Leveraged

Issuer ProShares

Inception Date 2008-11-12

Market Cap $253.5M

Average Volume N/A

Dividend Yield 1.10%

52-Week Range $25.35 - $50.82

VWAP $43.57

Performance

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Price Chart

Investment Summary

📎 Investment Objective

The UWM ETF seeks to provide 2x the daily return of the Russell 2000 Index, which tracks small-cap U.S. stocks.

🎯 Investment Strategy

The fund uses derivatives and leverage to amplify the daily performance of the underlying index. It does not seek to achieve its stated investment objective over periods longer than a single day.

✨ Key Features

Provides 2x leveraged exposure to the Russell 2000 Index
Resets leverage daily, which can lead to compounding effects over longer periods
Designed for short-term trading, not long-term buy-and-hold investing
Has no assets under management and an expense ratio of 0.00%

⚠️ Primary Risks

Significant risk of loss due to the effects of compounding and daily reset of leverage
Volatility risk as the fund's performance can diverge significantly from the underlying index over time
Counterparty risk related to the derivatives used to obtain leveraged exposure
Lack of a performance history makes it difficult to evaluate the fund's long-term viability

👤 Best For

This ETF is best suited for experienced, sophisticated traders who understand the risks of leveraged products and intend to actively monitor and manage their positions on a daily basis. It is not recommended for long-term, buy-and-hold investors.