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Proshares Ultra Consumer Services
ProShares Ultra Consumer Services is a publicly traded exchange-traded fund (ETF) that tracks the consumer services sector in the US stock market. Here are some key points to know about this ETF:
1. Symbol: The ticker symbol for ProShares Ultra Consumer Services ETF is BOSS.
2. Inception: It was launched on November 4, 2un5 and is one of the oldest and largest consumer services ETFs in the market.
3. Investment Objective: The fund seeks to provide twice (2X) the daily performance of the consumer services sector, before fees and expenses.
4. Index Tracked: ProShares Ultra Consumer Services ETF tracks the daily performance of the Dow Jones U.S. Consumer Services Index.
5. Holdings: The ETF holds a diversified portfolio of consumer services stocks, including companies like Amazon, Visa, Mastercard, Home Depot, and McDonald's.
6. Total Net Assets: As of March 11, 2023, the fund's total net assets are approximately $2.3 billion.
7. Average Daily Volume: The ETF has a decent average daily volume of around 475,562 shares, making it a liquid ETF.
8. Expense Ratio: The fund's expense ratio is 0.95% per annum, which is slightly higher than some other consumer services ETFs in the market.
9. Distribution Yield: The fund's 12-month distribution yield is around 0.53%.
10. Market Price: As of March 11, 2023, the ETF's market price is around $127.73 per share.
11. 52-Week Range: The fund's 52-week range is $86.86 - $145.08.
12. Investment Minimum: The minimum investment required to invest in ProShares Ultra Consumer Services ETF is $25,000.
13. Trading Hours: The ETF trades on the NASDAQ stock exchange under the ticker symbol BOSS, and it's available for trading during regular US stock market hours (9:30 a.m. - 4:00 p.m. ET).
14. Options Trading: BOSS options are available for trading, allowing investors to use various options strategies such as hedging, speculation, and income generation.
15. Market Capitalization: The fund's market capitalization is around $2.3 billion, which makes it one of the larger consumer services ETFs in the market.
16. Sector Exposure: The fund provides exposure to a wide range of consumer services sub-industries, including retail, restaurants, household products, and leisure.
17. Leverage: ProShares Ultra Consumer Services ETF provides 2X exposure to the consumer services sector, which means that if the sector increases by 1%, the fund's price will increase by 2%.
18. Tax Efficiency: As an ETF, BOSS is generally more tax-efficient than mutual funds, as it doesn't have to sell securities to meet investor redemptions, which can trigger capital gains taxes.
19. Flexibility: The fund's leveraged exposure can be attractive to investors looking to potentially enhance their returns in a bullish market, while also providing a hedge against potential market downturns.
20. Dividend Reinvestment: BOSS does not pay dividends, as it's designed to provide growth-oriented exposure to the consumer services sector.
It is important to keep in mind that past performance is not a guarantee of future results, and this information should not be taken as investment advice. When making investment decisions, it's important to conduct thorough research, consider your risk tolerance and financial goals, and consult a financial advisor if necessary.