ProShares Ultra Financials (the Fund) seeks daily investment results that correspond to twice the daily performance of the Dow Jones U.S. Financials Index. The Dow Jones U.S. Financials Index measures the performance of the financial services industry of the United States equity market. Component companies include regional banks; United States domiciled international banks; full line, life, and property and casualty insurance companies; companies that invest, directly or indirectly in real estate; diversified financial companies, such as credit card issuers, check cashing companies, mortgage lenders and investment advisers; securities brokers and dealers including investment banks, merchant banks and online brokers; and publicly traded stock exchanges. The Fund takes positions in securities and financial instruments that, in combination, should have similar daily return characteristics as 200% of the daily return of the index.
Basic Details
Issuer ProShares
Fund NameProShares Ultra Financials
Tax ClassificationRegulated Investment Company
SymbolNYSEARCA:UYG
Inception Date1/30/2007
Fund ManagerMichael Neches, Tarak Dave
PhoneN/A
Fund Focus
Asset ClassEquity
BenchmarkDow Jones US Financial Sector Index
CategorySector
FocusFinancials
Development LevelDeveloped Markets
RegionNorth America
Fund Statistics
Assets Under Management$789.73 million
Average Daily Volume$67,561.50
Discount/Premium-0.07%
ETF Expenses
Management Fee0.75%
Other Expenses0.20%
Total Expenses0.95%
Fee Waiver0.00%
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 MakerVirtu Financial
ProShares Ultra Financials (NYSEARCA:UYG) Frequently Asked Questions
What is ProShares Ultra Financials' stock symbol?
ProShares Ultra Financials trades on the New York Stock Exchange (NYSE)ARCA under the ticker symbol "UYG."
How often does ProShares Ultra Financials pay dividends? What is the dividend yield for ProShares Ultra Financials?
ProShares Ultra Financials declared a quarterly dividend on Wednesday, March 20th. Investors of record on Thursday, March 21st will be paid a dividend of $0.0764 per share on Wednesday, March 27th. This represents a $0.31 annualized dividend and a yield of 0.64%. The ex-dividend date is Wednesday, March 20th. View ProShares Ultra Financials' Dividend History.
When did ProShares Ultra Financials' stock split? How did ProShares Ultra Financials' stock split work?
ProShares Ultra Financials's stock split before market open on Thursday, May 24th 2018. The 3-1 split was announced on Wednesday, May 9th 2018. The newly created shares were distributed to shareholders after the market closes on Wednesday, May 23rd 2018. An investor that had 100 shares of ProShares Ultra Financials stock prior to the split would have 300 shares after the split.
Has ProShares Ultra Financials been receiving favorable news coverage?
Headlines about UYG stock have been trending negative recently, according to InfoTrie. InfoTrie rates the sentiment of press coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. ProShares Ultra Financials earned a coverage optimism score of -2.9 on InfoTrie's scale. They also assigned headlines about the company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the company's share price in the near term. View News Stories for ProShares Ultra Financials.
What other stocks do shareholders of ProShares Ultra Financials own?
Who are ProShares Ultra Financials' key executives?
ProShares Ultra Financials' 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 Financials' major shareholders?
ProShares Ultra Financials' stock is owned by a number of of institutional and retail investors. Top institutional investors include Phocas Financial Corp. (36.40%), Phocas Financial Corp. (36.40%), Toth Financial Advisory Corp (0.79%), Karp Capital Management Corp (0.65%), Bell Rock Capital LLC (0.40%) and Envestnet Asset Management Inc. (0.27%).
Which institutional investors are selling ProShares Ultra Financials stock?
UYG stock was sold by a variety of institutional investors in the last quarter, including Bell Rock Capital LLC, Ladenburg Thalmann Financial Services Inc., Karp Capital Management Corp, Toth Financial Advisory Corp, Wells Fargo & Company MN, Morgan Stanley, US Bancorp DE and Nwam LLC.
Which institutional investors are buying ProShares Ultra Financials stock?
UYG stock was bought by a variety of institutional investors in the last quarter, including Phocas Financial Corp., Phocas Financial Corp., Tower Research Capital LLC TRC, Envestnet Asset Management Inc., LPL Financial LLC, SRS Capital Advisors Inc., Bank of America Corp DE and NEXT Financial Group Inc.
How do I buy shares of ProShares Ultra Financials?
Shares of UYG 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, Robinhood, Fidelity and Charles Schwab.
What is ProShares Ultra Financials' stock price today?
One share of UYG stock can currently be purchased for approximately $47.96.
How big of a company is ProShares Ultra Financials?
What is ProShares Ultra Financials' official website?
MarketBeat Community Rating for ProShares Ultra Financials (NYSEARCA UYG)
MarketBeat's community ratings are surveys of what our community members think about ProShares Ultra Financials and other stocks. Vote "Outperform" if you believe UYG will outperform the S&P 500 over the long term. Vote "Underperform" if you believe UYG will underperform the S&P 500 over the long term. You may vote once every thirty days.
