Name of ETF: ProShares Ultra High Yield
Benchmark Index: Markit iBoxx $ Liquid High Yield Index
Ticker Symbol: UJB
Types of Bonds Included in this ETF: High-yield corporate bonds. These bonds are also sometimes referred to as junk bonds as they are below investment grade.
Leveraged ETF: This ETF attempts to produce leveraged 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.
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