Company Name:: ProShares Ultra Basic Materials
Benchmark Index: Dow Jones U.S. Basic Materials Index
Ticker Symbol: UYM
Types of Companies Included: U.S. companies within the basic materials sector.
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.
Leverage Risk: Leveraged ETFs are widely regarded as instruments for sophisticated investors only. Substantial losses can occur in a short period of time. Leveraged ETFs should only be used by experienced investors who understand leverage risk and are willing to monitor their positions.
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