UXIProShares Ultra Industrials
UXI Fund Description
The ProShares Ultra Industrials provides daily 2x exposure to a market cap weighted index of US industrial companies.
UXI ETF.com Insight
UXI makes a bullish bet on US industrial stocks, but poor liquidity diminishes its attractiveness. The fund offers daily 2x exposure to its index and holding the fund longer than a day
“Spreads are wide” exposes the investor to the effects of compounding which can change the size and even the direction of the 2x multiple. UXI’s reference index is the Dow Jones U.S. Industrials index which is tracked in 1x fashion by hugely popular IYJ from iShares. The Dow Jones U.S. Industrials index is a market cap-weighted index of about 200 US industrial firms (and should not be confused with the famous Dow Jones Industrial Average, aka “the Dow”). Geared products like UXI are designed for short-term use, so liquidity is paramount. Unfortunately, UXI isn’t up to the challenge. Spreads are wide and volume is thin. Still, it’s the only choice for positive geared exposure to the space in an ETF wrapper.
|Performance [as of 12/31/13]||1 Month||3 Month||YTD||1 Year||3 Years||5 Years||10 Years|
UXI Summary Data
A company that produces and manages ETFs.
The first date of a fund's operations, as documented by the issuer.
The organizational structure of the fund or ETN.
The net total annual fee a fund holder pays to the issuer.
The market value of total assets that a fund has accumulated and now manages on behalf of investors.
UXI Portfolio Data
A fund’s actual distributed cash flows over the past 12 months as a percent of its NAV
The upcoming date on which the fund trades without its upcoming dividend
UXI Index Data
This is the benchmark an ETF is desigend to track or replicate.
A set of rules that the underlying index provider follows to weight its constituent securities.
A set of rules that the underlying index provider follows to select its constituent securities.
This is the index that we have chosen as the best-in-class gauge for each segment's broad market.
UXI Fund Structure
“Yes” means the fund uses over the counter derivatives such as swaps and forwards
An indicator of whether or not a fund actively lends its portfolio holdings.
The division of securities lending revenue between the fund and the issuer.
The risk of default by the ETN counterparty.
The likelihood that an issuer will shut down a fund for business or regulatory reasons.
The multiple of the underlying index which the fund aims to deliver. For funds that reset, the leverage factor holds true only for the reset period, often just 1 day.
The time period at which the fund “trues up” its leverage factor. For funds that reset, the reset period–often just 1 day–is the length of time over which the fund delivers its leverage factor.
UXI Tax Exposures
The maximum long-term and short-term U.S. tax rates applicable to a realized capital gain.
The average capital gains paid out to shareholders in the past 36 months, measured as a percent of net asset value (NAV) at the time.
ETFs that are structured as commodities pools and classified as limited partnerships by the IRS will issue K-1 forms to holders.
The average number of shares traded during a 60 day period.
Average dollar value of shares traded over 60 calendar days.
Median number of shares traded over the past 45 trading days.
Median dollar value of shares traded over the past 45 trading days.
The difference between the highest price a market participant is willing to pay to buy an ETF and the lowest price at which a market participant is willing to sell an ETF, averaged over the past 60 days, as a percent.
The middle value in the ranked set of all premium/discount values over a 12-month period.
The greatest amount that the market price exceeded (premium) and fell below (discount) its fair value/net asset value (NAV) over a 12-month period.
This flags whether there is currently a systemic issue that has restricted the ability to create or redeem shares of the fund. This may be imposed by the fund's issuer, or by external circumstances.
The smallest block of ETF shares that an Authorized Participant can either create or redeem at net asset value (NAV) with the issuer in exchange for the underlying shares of the fund.
The median 45 day share volume divided by the creation unit size of the fund. The higher the number, the more likely that liquidity providers will trade the fund in size, or in odd lots.
The standard fee to create or redeem 1 creation unit of an ETF as a percentage of the dollar value of 1 creation unit.
The total number of net outstanding options contracts for an ETF.
The total market value of the assets that an ETF holds less fund expenses.
An estimate of liquidity for the underlying baskets of securities, scaled 1 to 5.
Related ETFs to UXI
ETFs from within the same segment or closely related segments with similar investment objectives or market exposures.