ULEProShares Ultra Euro
ULE Fund Description
ULE provides 2x the daily performance of the euro spot price against the US dollar.
ULE Factset Analytics Insight
ULE offers 2x leveraged exposure to the EUR/USD cross. The fund gets this exposure using futures contracts, and as a result, it distributes a K-1 during tax time. As a geared product, ULE isn't designed to be a long-term investment. Rather, it is a short-term trading vehicle that's rebalanced daily. The fund's long-term returns may differ significantly from the performance of the euro against the US dollar as a result of the effects of path dependency and compounding. Also, keep in mind that ULE references the EUR/USD cross as published in the Wall Street Journal — a value that may differ from other quoting sources.
ULE Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of ULE. ULE is rated a 5 out of 5.