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Proshares Ultra Basic Materials (UYM) |
Forbes
Sep 17
Comment
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Proshares Ultra Basic Materials (AMEX: UYM) where we have detected an approximate $11.3 million dollar outflow --...
Wall Street Sector Selector
May 27
Comment
NASDAQ:IBB, NYSE:UYM, NYSE:IWM, NASDAQ:QQQ, NYSE:SPY, NYSE:DIA
Benzinga
Apr 19
Comment
VelocityShares Daily Inverse VIX Short Term ETN (NYSE: XIV) jumped 5.11% on Tuesday, and closed at $152.53. It had a volume of 495K traded shares, and its average volume is 107K shares.
Direxion Daily Emerging Markets Bull 3x Shares(ETF) (NYSE:...
Wall Street Sector Selector
Dec 3
Comment
David Fry From ETF Digest goes into detail on two material sector ETFs discussing the Materials Select Sector SPDR ETF (NYSE:XLB) and the ProShares Ultra Basic Materials ETF (NYSE:UYM)(...)Read the rest of Two Material Sector ETFs In Focus...
TheStreet.com
Dec 3
Comment
XLB (iShares Materials ETF) & UYM (ProShares 2x Bull Materials) rose sharply today on the heels of a belief that current tax policies will be extended which theoretically will aid economic recovery.
TheStreet.com
Oct 7
Comment
XLB (SPDR Materials ETF) & UYM (ProShares Ultra 2 X Materials ETF) is featured today as investors await major constituent Alcoa's earnings report.
Rocket Science Investing - Exchange Traded Funds
Sep 18
Comment
I just got back from an Oktoberfest happening, so let’s get on with RSI picks .. and here they are:
Buy 116 shares iShares S&P SmallCap 600 Value Index (IJS); Stop = -$8.60 Target = +$25.79 Volatility = 5.68%
Buy 1012 shares...
Wall Street Sector Selector
Jun 22
Comment
For the last couple of weeks I have been presenting a list of the ProShares ETFs that had exhibited the strongest performance over the course of the last week. I received a number of comments over(...)Read the rest of Weekly ProShares ETF...
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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. |
TOP CONTRIBUTORS
The Proshares Ultra Basic Materials (UYM)
Profile:
Proshares Ultra Basic Materials (UYM) is an Exchange Traded Fund (ETF) that seeks to mimic the daily investment results, before fees and expenses, corresponding to twice the daily performance of the Dow Jones US Basic Materials Index. In other words, if this underlying index declines by 1% for the day, the NAV of UYM will more or less decline by 2%, before fees and expenses. In the same manner, if this underlying index rises by 1% for the day, the NAV of UYM rises by 2% as well.
Inception Date: 01/30/07
Investment Strategy:
The principal investment strategies of this fund include:
- investing in equity securities and financial instruments (including derivatives) that the fund managers believe will produce twice the daily return of the Dow Jones US Basic Materials Index.
- committing at least 80% of its net assets to equity securities or financial instruments that have similar economic characteristics contained in the Index.
- employing leveraged investment techniques or sampling techniques in seeking its investment objective.
- assets not invested in equity securities or financial instruments are invested in debt securities or money market instruments.
- concentrating its investments in a particular industry to approximately the same extent as the Index
Annual Fund Operating Expenses
| Investment Advisory Fee: | 0.75% |
| Distribution and Service (12b-1) Fee: | 0.00% |
| Other Expenses: | 0.67% |
| Total Annual Fund Operating Expenses: | 1.42% |
| Fee Waivers / Reimbursements: | -0.47% |
| Total Net Annual Fund Operating Expenses: | 0.95% |
Top 10 Holdings: (As of February 12, 2009)
| Company | Weight |
|---|---|
| Praxair Inc. | 9.32% |
| El Du Pont De Nemours & Co. | 9.06% |
| Newmont Mining Co. | 8.30% |
| Nucor Co. | 5.51% |
| Freeport-McMoran Copper & Gold Inc. | 4.93% |
| Air Products & Chemicals | 4.74% |
| Dow Chemical Co. | 4.11% |
| Peabody Energy Co. | 3.33% |
| Rohm & Haas Co. | 3.24% |
| The Mosaic Co. | 2.82% |
Reference:
Company Website: http://www.proshares.com
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