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Proshares Ultra High Yield

ProShares Ultra High Yield ($UJB) is a leveraged exchange-traded fund (ETF) that seeks to provide investment results, before fees and expenses, that correspond to twice (200%) the daily performance of the ICE U.S. High Yield Corporate Bond Index. It is managed by ProShares, a leading provider of leveraged and inverse ETFs.

Key Information:

* Symbol: UJB

* Net Assets (as of Jan 2023): $487 million

* Inception Date: October 25, 2011

* 12-Month Trailing Total Returns (as of Jan 2023): -33.3%

* Expense Ratio: 0.95%

* Average Daily Volume (3-month Average): Approx. 175,000 shares

* Dividend Yield: 1.13% (30-Day SEC Yield as of Jan 2023)

UJB primarily invests in high-yield corporate bonds and aims to deliver twice the daily returns as the ICE U.S. High Yield Corporate Bond Index. As a result, it is considered to be a high-risk investment and not suitable for all investors.

When it comes to earnings and growth, the UJB's performance is largely driven by the movement in high-yield corporate bond markets, which is impacted by factors such as interest rates, credit spreads, and economic conditions. UJB tries to amplify the positive or negative returns in these bond markets, but there are no guarantees of success. The compounding effects of the daily leveraged returns can cause the actual returns over longer periods to differ significantly from the expected returns.

As the name suggests, UJB focuses on "ultra-high-yield" securities, implying a greater level of risk compared to investment-grade bonds or lower-risk fixed-income investments. Therefore, investors should carefully assess their risk tolerance and investment goals before investing in UJB.

Please consult with a financial advisor or investment professional before making any investment decisions. Historical performance does not guarantee or predict future performance.