Name of ETF: ProShares Ultra Real Estate
Benchmark Index: Dow Jones U.S. Real Estate Index
Ticker Symbol: URE
Types of Companies Included: U.S. real estate investment trusts (REITs) with a few companies focusing on real estate management and development. These REITs invest in a wide variety of commercial and residential properties.
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.