UPRO 📈 ProShares UltraPro S&P500 - Overview

The ProShares UltraPro S&P500, listed on NYSE ARCA under the ticker UPRO, is designed to provide daily returns that are highly correlated with the performance of the S&P 500 index, but with a significant twist: it aims to deliver three times the daily return of the index. This is achieved through the use of a variety of financial instruments, including swaps, futures contracts, and other derivatives, which ProShare Advisors carefully selects and combines to meet the fund's daily target. The S&P 500 index itself is a widely recognized benchmark of large-cap U.S. stock market performance, comprising 500 of the largest and most liquid stocks listed in the United States.

As a non-diversified fund, the ProShares UltraPro S&P500 is allowed to concentrate its investments in a smaller number of securities, which can potentially increase its volatility and risk profile. However, this also enables the fund to more closely track the daily movements of the S&P 500 index, which is its primary objective. The fund is listed in the United States and is registered with the relevant regulatory authorities, with its primary operations and management overseen by ProShare Advisors, a well-established investment management firm. For more information about the fund and its sponsor, investors can visit the company's website at http://www.proshares.com.

In terms of its classification, the ProShares UltraPro S&P500 is categorized as a trading--leveraged equity ETF, which reflects its use of leverage and derivatives to amplify the daily returns of the underlying index. The fund's ISIN code is US74347X8645, and it is domiciled in the United States, which provides a high level of regulatory oversight and investor protection. Overall, the ProShares UltraPro S&P500 is designed for sophisticated investors who are seeking to capitalize on short-term movements in the S&P 500 index, and are willing to accept the higher levels of risk and volatility that come with using leverage and derivatives.