ProShares UltraPro Communication Services Select Sector (UCOM)
ProShares UltraPro Communication Services Select Sector operates in the Asset Management industry of the Financial Services sector, headquartered in US. The stock last traded at $25.22, up 1.31% on the session, giving a market capitalisation of $1.3M. Its beta of 0.00 implies it has historically moved less than the broad market.
This investment product, designated as UCOM, aims to deliver daily returns that are three times (3x) the daily fluctuations of the S&P Communication Services Select Sector Index, calculated before any associated fees and charges. Its portfolio is primarily constructed from equity securities, various derivative instruments, and money market instruments. The fund's strategy involves concentrating its assets within particular industries, groups of industries, countries, or regions to a degree that closely matches the concentration profile of its benchmark index. This benchmark index specifically tracks companies within the communication services sector that are part of the broader S&P 500 Index. Additionally, it is important to note that this fund operates as a non-diversified investment vehicle.
ProShares UltraPro Communication Services Select Sector is most often compared with the following Financial Services names: