Name of ETF: ProShares Ultra Health Care
Benchmark Index: Dow Jones U.S. Health Care Index
Ticker Symbol: RXL
Approximate Number of Stocks in this ETF: 110
Daily Target: 2x
Leveraged ETF: This ETF is a leveraged ETF which means the ETF attempts to produce daily returns above the benchmark index results based on a multiplier. In the case of this ETF, the multiplier is 2x (200%). This means the ETF is seeking a daily target equal to 200% of the benchmark index.
Types of Stocks Included in this ETF: Large, mid and small-sized publicly traded companies in the health care sector.
Industries with the Most Representation: The types of companies that have had the most representation (largest weight) in this ETF are:
- Health Care Providers & Services
- Health Care Equipment & Supplies
Individual Company Weight: This ETF historically has been weighted towards the top holdings.