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$14.18 million
Average Daily Volume$6,219.00
Discount/Premium3.49%
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 declared a quarterly dividend on Thursday, September 27th. Shareholders of record on Thursday, September 27th will be paid a dividend of $0.2306 per share on Wednesday, October 3rd. This represents a $0.92 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date is Wednesday, September 26th. This is a boost from ProShares Ultra Utilities's previous quarterly dividend of $0.15. View ProShares Ultra Utilities' Dividend History.
Has ProShares Ultra Utilities been receiving favorable news coverage?
News headlines about UPW stock have trended somewhat positive recently, according to InfoTrie. The research firm rates the sentiment of press coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. ProShares Ultra Utilities earned a coverage optimism score of 0.8 on InfoTrie's scale. They also gave media stories about the company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an effect on the company's share price in the immediate future.
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 many different of retail and institutional investors. Top institutional investors include Jane Street Group LLC (3.24%), Envestnet Asset Management Inc. (3.09%), SG Americas Securities LLC (3.36%) and Koshinski Asset Management Inc. (1.85%).
Which major investors are selling ProShares Ultra Utilities stock?
UPW stock was sold by a variety of institutional investors in the last quarter, including Envestnet Asset Management Inc. and SG Americas Securities LLC.
Which major investors are buying ProShares Ultra Utilities stock?
UPW stock was bought by a variety of institutional investors in the last quarter, including Koshinski Asset Management Inc. and 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 $51.11.
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.
