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Forbes
Mar 25
Comment
Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the SPDR Barclays High Yield Bond ETF (JNK), which added 7,750,000 units, or a 2.8% increase week over week.
The Economic Times
Sep 9
Comment
Ashok Leyland will offer a mix of JanBus, midi-buses and ultra low Entry (ULE) buses as a part of the 4000 buses ordered.
Cloud Computing
Sep 26
Comment
MUNICH
and NEUBIBERG,
Germany
,
Sept. 26, 2013
/PRNewswire/ -- Lantiq, a leading supplier of broadband access and home networking technologies, today announced it has joined the ULE Alliance to combine forces for Ultra Low Energy (ULE)...
Globe Newswire
Jan 9
Comment
SAN JOSE, Calif., Jan. 9, 2012 (GLOBE NEWSWIRE) -- DSP Group®, Inc. (Nasdaq:DSPG), a leading global provider of wireless chipset solutions for converged communications at home, and Crow Electronic Engineering Ltd, a leading provider of advanced
Wall Street Sector Selector
Dec 16
Comment
International Monetary Fund Managing Director Christine Lagarde issues warning about global economic dangers
EE Times
Sep 13
Comment
In pursuit of a growing market for “The Internet of Things,” Dialog Semiconductors is going after DECT Ultra Low Energy, instead of ZigBee, Z-Wave or Bluetooth.
View the full article HERE.
ABRN
Mar 25
Comment
After a 20-year absence from IndyCar racing, Pennzoil is returning to the sport in a big way. In
addition to being back on the track through the brand?s multi-year alliance with Penske Racing and Penske
Corporation, the brand?s premium...
Wall Street Sector Selector
Jan 24
Comment
The Euro closed up Friday`s session at 136.13, and looks poised to make a run up to test the 140 level in February. I, among many, was thinking the Euro would next test the 125 level, and things(...)Read the rest of Euro ETFs: Euro’s Reversal...
TheStreet.com
Oct 12
Comment
FXE (Rydex Euro ETF) ULE (ProShares Ultra @ X Euro ETF). Just as the Fed's minutes were announced the euro rallied sharply on the belief more Fed accommodation is coming along with a reinvention of what inflation is.
TheStreet.com
Sep 23
Comment
FXE (Rydex Euro Currency ETF) and ULE (ProShares Ultra Euro Currency ETF) are both reflecting investor aversion the U.S. Dollar. But, the euro has plenty of problems of its own perhaps being just the best house in a bad neighborhood for now.
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more ▼WIKI ANALYSIS
WIKI ANALYSIS|
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This article describes an exchange traded fund that tracks an index, commodity, currency, or varied basket of securites. View articles referencing this fund. |
Proshares Ultra Euro (ULE) is an Exchange Traded Fund (ETF) that seeks to mimic the daily performance of the results, before fees and expenses, corresponding to twice the daily performance of the Euro spot price against the US Dollar. It uses the 4:00 PM (EST) Euro exchange rate, expressed in terms of USD/EUR, provided by Reuters as the basis for the underlying benchmark. In other words, if the USD/EUR declines by 1% for the day, the NAV of ULE will more or less decline by 2%, before fees and expenses. In the same manner, if it rises by 1% for the day, the NAV of ULE rises by 2% as well.
Inception Date: 11/24/08
Fund Information
- Fund Manager - ProShares ETFs
- Inception Date - 11/24/2008
- Exchange – NYSE Arca
- Index Ticker – ULE
- Intra-day NAV Ticker – ULE.IV
- Expense Ratio - 0.95%
Investment Strategy:
The principal investment strategies of this fund include:
- investing in financial instruments (swaps, forwards, futures, and options) that the sponsors believe will produce twice the daily return of the EUR/USD.
- assets not invested in financial instruments are invested in cash and / or US Treasury Securities or other high credit quality, short-term, fixed-income securities (e.g. money market funds, bank deposits, bank money market accounts, certain variable rate-demand notes, and repurchase agreements collateralized by government securities, whether denominated in USD or EUR) that will serve as collateral for the financial instruments.
Annual Fund Operating Expenses:
| Total Net Annual Fund Operating Expenses: | 0.95% |
Top Holdings: (As of March 4, 2009)
| Company | Weight |
|---|---|
| EUR/USD Forwards | Notional Value of $ 9,544,921.89 |
| Cash / Net other Assets | Market Value of $ 4,772,486.80 |
Other Currency ETFs
Reference:
Company Website: http://www.proshares.com
