ProShares UltraPro Financial Select Sector (FINU)
ProShares UltraPro Financial Select Sector operates in the Asset Management - Leveraged industry of the Financial Services sector, headquartered in DE, US. The stock last traded at $24.33, down 9.69% on the session, giving a market capitalisation of $8.5M. Its beta of 3.84 implies it has historically moved more than the broad market.
This investment vehicle, known as FINU, strives to deliver daily returns, before any associated fees and expenses, that precisely mirror three times (3x) the daily movements of the S&P Financial Select Sector Index. To achieve this objective, ProShare Advisors strategically allocates the fund's capital into various financial instruments, which are carefully chosen to collectively produce daily results aligning with its stated goal. The benchmark S&P Financial Select Sector Index specifically tracks companies within the financial industry group that are components of the overarching S&P 500 Index. It's important to note that this fund maintains a non-diversified portfolio.
ProShares UltraPro Financial Select Sector is most often compared with the following Financial Services names: