What is an ultrashort ETF?
An ultrashort ETF is an exchange-traded fund that holds assets whose value goes up when the fund’s targeted asset-class benchmark goes down. For instance, an ultrashort ETF that targets the S&P 500 might be set up so that its value will rise by 2% or 3% if the S&P 500 declines by 1% on a given day.
Is ProShares an ETF?
ProShares has been at the forefront of the ETF revolution since 2006. ProShares now offers one of the largest lineups of ETFs, with more than $69 billion in assets. The company is the leader in strategies such as dividend growth, alternative and geared (leveraged and inverse).
Who owns ProShares ETF?
ProFunds Group
ProShares
| Industry | Financial services |
|---|---|
| Products | Exchange-traded funds |
| AUM | US$65 billion (2021) |
| Parent | ProFunds Group |
| Website | www.proshares.com// |
What is ProShares trust?
ProShares is a division of ProFunds Group that manages various investment funds with combined assets under management of around $58 billion. 1 This makes it a small investment company compared to other giant asset managers that manage much more.
What is ProShares UltraPro Short S&p500?
The ProShares UltraPro Short S&P 500 (SPXU) is a leveraged inverse exchange traded fund (ETF) that aims at a return that is three times the inverse of the daily performance of the S&P 500 Index. 1 SPXU is, in fact, one of the most aggressive of these funds.
What is ProShares ETF?
ProShares Bitcoin Strategy ETF (BITO) is the first U.S. bitcoin-linked ETF offering investors an opportunity to gain exposure to bitcoin returns in a convenient, liquid and transparent way. The Fund seeks to provide capital appreciation primarily through managed exposure to bitcoin futures contracts.
What is ProShares Capital Management?
Understanding ProShares 1 The company is a leader in strategies such as dividend growth, interest rate hedged bond, and geared (leveraged and inverse) ETF investing. ProShares continues to innovate with products that provide strategic and tactical opportunities for investors to manage risk and enhance returns.
What does ProShares do?
Geared (leveraged or short) ProShares ETFs seek returns that are a multiple of (e.g., 3x or -3x) the return of a benchmark (target) for a single day, as measured from one NAV calculation to the next.
Where is ProShares located?
Capital Markets
| Telephone: | ProShares Capital Markets M-F 8 a.m. to 6 p.m., ET 240-497-6700 |
|---|---|
| U.S. mail: | ProShares 7272 Wisconsin Avenue 21st Floor Bethesda, MD 20814 U.S.A. |
What is leveraged ETF factor?
A leveraged exchange-traded fund (ETF) uses financial derivatives and debt to amplify the returns of an underlying index. While a traditional ETF typically tracks the securities in its underlying index on a one-to-one basis, a leveraged ETF may aim for a 2:1 or 3:1 ratio.
What does the ProShares Ultrashort Euro ETF do?
ProShares UltraShort Euro seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the price of the euro versus the U.S. dollar. ProShares UltraShort Euro is designed for knowledgeable investors who seek to profit from the euro growing weaker relative to the U.S. dollar.
How does ProShares Ultrashort S & P 500 work?
ProShares UltraShort ® S&P500 seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the S&P 500 ®. This short ProShares ETF seeks a return that is -2x the return of its underlying benchmark (target) for a single day, as measured from one NAV calculation to the next.
What is the return of short ProShares ETF?
This short ProShares ETF seeks a return that is -2x the return of its underlying benchmark (target) for a single day, as measured from one NAV calculation to the next.
What happens if you hold ProShares for more than one day?
Due to the compounding of daily returns, holding periods of greater than one day can result in returns that are significantly different than the target return and ProShares’ returns over periods other than one day will likely differ in amount and possibly direction from the target return for the same period.