UXI ProShares Ultra Industrials
UXI Fund Description
UXI provides daily 2x exposure to a market-cap-weighted index of industrial companies in the US.
UXI Factset Analytics Insight
UXI makes a bullish bet on the broad US industrial sector. The fund offers 2x daily exposure to its underlying index. Consequently, holding the fund longer than a day 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 also tracked without leverage by IYJ from iShares. The underlying index (not to be confused with the well-known Dow Jones Industrial Average, aka “the Dow”) is market-cap-weighted. Notably, geared products like UXI are designed for short-term use, so liquidity is paramount. The index is reconstituted annually and reviewed quarterly.
UXI Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of UXI. UXI is rated a N/A out of 5.