ProShares Ultra Utilities (the Fund) seeks daily investment results that correspond to twice (200%) the daily performance of the Dow Jones U.S. Utilities Index (the Index). The Fund intends to invest at least 80% of its net assets, including any borrowings for investment purposes, under normal circumstances, to equity securities contained in the Index and/or financial instruments that, in combination, have similar economic characteristics. The Fund also intends to invest assets not invested in financial instruments, in debt instruments and/or money market instruments. The Fund intends to concentrate its investments in a particular industry or group of industries to approximately the same extent as the Index is so concentrated. ProShare Advisors LLC serves as the investment advisor to the Fund.
Basic Details
Issuer ProShares
Fund NameProShares Ultra Utilities
Tax ClassificationRegulated Investment Company
SymbolNYSEARCA:UPW
Inception Date1/30/2007
Fund ManagerMichael Neches, Tarak Dave
Phone+1-240-4976400
Fund Focus
Asset ClassEquity
BenchmarkDJ US Utilities TR USD
CategorySector
FocusUtilities
Development LevelDeveloped Markets
RegionNorth America
Fund Statistics
Assets Under Management$15.94 million
Average Daily Volume$2,526.00
Discount/Premium1.33%
ETF Expenses
Management Fee0.75%
Other Expenses0.90%
Total Expenses1.65%
Fee Waiver-0.70%
Net Expenses0.95%
Administrator, Advisor and Custodian
AdministratorJ.P. Morgan Investor Services Co.
AdvisorProShare Advisors LLC
CustodianJPMorgan Chase Bank, N.A.
DistributorSEI Investments Distribution Co.
Transfer AgentJPMorgan Chase Bank, N.A.
Trustee
Lead Market MakerIMC Chicago
ProShares Ultra Utilities (NYSEARCA:UPW) Frequently Asked Questions
What is ProShares Ultra Utilities' stock symbol?
ProShares Ultra Utilities trades on the New York Stock Exchange (NYSE)ARCA under the ticker symbol "UPW."
How often does ProShares Ultra Utilities pay dividends? What is the dividend yield for ProShares Ultra Utilities?
ProShares Ultra Utilities announced a quarterly dividend on Wednesday, March 20th. Stockholders of record on Thursday, March 21st will be paid a dividend of $0.0259 per share on Wednesday, March 27th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.18%. The ex-dividend date is Wednesday, March 20th. View ProShares Ultra Utilities' Dividend History.
Has ProShares Ultra Utilities been receiving favorable news coverage?
Press coverage about UPW stock has trended somewhat negative this week, according to InfoTrie Sentiment. The research firm ranks the sentiment of media coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. ProShares Ultra Utilities earned a news sentiment score of -1.4 on InfoTrie's scale. They also gave news stories about the company a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an impact on the stock's share price in the next few days.
What other stocks do shareholders of ProShares Ultra Utilities own?
Who are ProShares Ultra Utilities' key executives?
ProShares Ultra Utilities' management team includes the folowing people:
- Michael L. Sapir, Chairman of ProShares Trust (Age 57)
- Louis M. Mayberg, President of ProShares Trust (Age 53)
- Victor M. Frye Esq., Chief Compliance Officer and AML Officer of ProShares Trust (Age 56)
- Simon D. Collier, Treasurer of ProShares Trust (Age 51)
- Gary A. Casagrande, Assistant Treasurer of ProShares Trust (Age 40)
- Charles S. Todd, Assistant Treasurer of ProShares Trust (Age 41)
- Stephenie Adams, Acting Secretary of ProShares Trust (Age 43)
- Gregory Pickard Esq., Assistant Secretary of ProShares Trust (Age 48)
- Russell S. Reynolds III, Trustee of ProShares Trust (Age 55)
- Michael C. Wachs, Trustee of ProShares Trust (Age 51)
Who are ProShares Ultra Utilities' major shareholders?
ProShares Ultra Utilities' stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Jane Street Group LLC (7.71%) and SG Americas Securities LLC (3.49%).
Which institutional investors are selling ProShares Ultra Utilities stock?
UPW stock was sold by a variety of institutional investors in the last quarter, including SG Americas Securities LLC.
Which institutional investors are buying ProShares Ultra Utilities stock?
UPW stock was bought by a variety of institutional investors in the last quarter, including Jane Street Group LLC.
How do I buy shares of ProShares Ultra Utilities?
Shares of UPW can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is ProShares Ultra Utilities' stock price today?
One share of UPW stock can currently be purchased for approximately $58.68.
How big of a company is ProShares Ultra Utilities?
ProShares Ultra Utilities has a market capitalization of $16.14 million.
What is ProShares Ultra Utilities' official website?
How can I contact ProShares Ultra Utilities?
ProShares Ultra Utilities' mailing address is 7501 Wisconsin Avenue Suite 1000 - East Tower, Bethesda, MD 20814, United States. The company can be reached via phone at +1-240-4976400.
MarketBeat Community Rating for ProShares Ultra Utilities (NYSEARCA UPW)
MarketBeat's community ratings are surveys of what our community members think about ProShares Ultra Utilities and other stocks. Vote "Outperform" if you believe UPW will outperform the S&P 500 over the long term. Vote "Underperform" if you believe UPW will underperform the S&P 500 over the long term. You may vote once every thirty days.
