Name of ETF: ProShares Ultra Bloomberg Crude Oil
Benchmark Index: Bloomberg WTI Crude Oil Subindex
Ticker Symbol: UCO
Daily Target: 2x (daily performance of benchmark index).
Underlying Commodity Exposure: This ETF allows investors to take a leveraged position on the Bloomberg WTI Crude Oil Subindex. 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 Bloomberg WTI Crude Oil Subindex.
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