Name of ETF: ProShares Ultra Telecommunications
Benchmark Index: Dow Jones U.S. Select Telecommunications Index
Ticker Symbol: LTL
Types of Stocks Included in the Index: Large and mid-sized U.S. companies in the telecommunications industry.
Daily Target: 2x
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.