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Proshares Ultra Consumer Services
ProShares Ultra Consumer Services (ticker symbol: UCC) is a popular exchange-traded fund (ETF) that seeks to provide twice the daily performance of the consumer services sector. It is listed on the NYSE Arca exchange in the United States.
Here's some general information about the fund, its holdings and performance:
1. Inception Date: 11/10/2009
2. Fund Manager: Michael Neches
3. Yield: N/A
4. Average Daily Volume: 48,529 shares
5. Expense Ratio: 0.95%
6. Net Assets: $1.24 billion
7. Market Cap: $1.24 billion
8. Trading Symbol: UCC
ProShares Ultra Consumer Services seeks to provide twice the daily performance of the Dow Jones U.S. Consumer Services Index. The fund does not aim to track the index over a full market cycle. Instead, its goal is to provide a multiple of the index's daily return for a single trading day.
The Dow Jones U.S. Consumer Services Index measures the performance of the consumer services sector within the U.S. equity market. Component companies in the index come from these industries within the global industry classification standard developed by Standard & Poor's and MSCI, Inc.:
* Consumer Discretionary: 75.65%
* Consumer Staples: 24.35%
As of April 22, 2022, the top 10 equity holdings of the ProShares Ultra Consumer Services ETF include:
1. Amazon.com, Inc. (AMZN) - 21.02%
2. Home Depot, Inc. (HD) - 10.52%
3. McDonald's Corporation (MCD) - 8.06%
4. Nike, Inc (NKE) - 7.41%
5. Microsoft Corporation (MSFT) - 7.19%
6. Johnson & Johnson (JNJ) - 6.66%
7. Procter & Gamble Company (PG) - 6.07%
8. Coca-Cola Company (KO) - 4.48%
9. Visa, Inc. (V) - 4.39%
10. Intel Corporation (INTC) - 4.18%
It's important to note that the fund doesn't intend to offer twice the long-term performance of the consumer services sector. This ETF is intended for professional traders or sophisticated investors who want to make short-term trades.
The ProShares Ultra Consumer Services fund has experienced volatile price movements. It is not a buy-and-hold investment. It's crucial to monitor the fund's performance and holdings regularly.
Holdings are subject to change and should not be a recommendation to buy or sell a security.
Before investing in any ETF, it's advisable to carefully review the fund's objective, expenses, and holdings. Additionally, it's important to consult with a financial advisor or investment professional to determine if it's suitable for your individual circumstances.
Always conduct thorough research, consult with professionals, and consider your risk tolerance before investing in any security.