UPW - ProShares Ultra Utilities
| Assets | $14.50M |
| NAV | $64.44 |
| Expense Ratio | 0.95% |
| PE Ratio | n/a |
| Beta (5Y) | 0.80 |
| Dividend (ttm) | $0.40 |
| Dividend Yield | 0.62% |
| Ex-Dividend Date | Mar 23, 2021 |
| 1-Year Return | - |
| Trading Day | April 16 |
| Last Price | $65.34 |
| Previous Close | $64.38 |
| Change ($) | 0.95 |
| Change (%) | 1.48% |
| Day's Open | 64.70 |
| Day's Range | 65.00 - 65.93 |
| Day's Volume | 3,044 |
| 52-Week Range | 41.26 - 65.93 |
Fund Description
The investment seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the Dow Jones U.S. UtilitiesSM Index. The fund invests in financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the fund's investment objective. The index measures the performance of certain companies in the utilities sector of the U.S. equity market. Component companies include, among others, electric utilities, gas utilities, multi-utilities and water utilities. The fund is non-diversified.
| Asset Class Equity | Sector Utilities |
| Region North America | Inception Date Jan 30, 2007 |
| Exchange NYSEARCA | Ticker Symbol UPW |
| Index Tracked Dow Jones U.S. Utilities Index | |
Top 10 Holdings
179.37% of assets| Name | Symbol | Weight |
|---|---|---|
| Dj U.S. Utilities Index Swap Credit Suisse International | 603698.SS | 35.13% |
| Cash | n/a | 31.68% |
| Ishares U.S. Utilities (Idu) Swap Bank Of America Na | 603698.SS | 30.20% |
| Dj U.S. Utilities Index Swap Societe Generale | 603698.SS | 25.09% |
| Dj U.S. Utilities Index Swap Ubs Ag | 603698.SS | 21.44% |
| Dj U.S. Utilities Index Swap Bank Of America Na | 603698.SS | 10.96% |
| NextEra Energy | NEE | 10.08% |
| Dj U.S. Utilities Index Swap Morgan Stanley & Co. International Plc | 603698.SS | 5.27% |
| Duke Energy | DUK | 5.05% |
| Southern Company | SO | 4.47% |
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Mar 23, 2021 | $0.185 | Mar 30, 2021 |
| Dec 23, 2020 | $0.212 | Dec 31, 2020 |
| Mar 25, 2020 | $0.259 | Apr 1, 2020 |
| Dec 24, 2019 | $0.362 | Jan 2, 2020 |
| Jun 25, 2019 | $0.191 | Jul 2, 2019 |
| Mar 20, 2019 | $0.026 | Mar 27, 2019 |
A rate cut is a boon to rate sensitive and high-yield sectors such as utilities and real estate.
Investors could make a short-term bullish play on the rate-sensitive sectors as these spaces will continue to trade smoothly if interest rates remain steady or decline in future.
Investors could make a short-term bullish play on the rate-sensitive sectors as these spaces will continue to trade smoothly if interest rates remain steady.