Name of ETF: ProShares Ultra Industrials
Benchmark Index: Dow Jones U.S. Industrials Index
Ticker Symbol: UXI
Approximate Number of Stocks in this ETF: 210
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 companies in the industrial sector.
Industries with the Most Representation: The types of companies that have the most representation (largest weight) in the benchmark index historically have been:
- Capital Goods
Individual Company Weight: This ETF historically has been weighted towards the top holdings.