Rochester, NY 8/31/2009 10:26:01 PM
Ultra Financials ProShares UYG, late morning update down 1.54% hi trade 5.68
Ultra Financials ProShares
Ultra Financials ProShares UYG investment seeks daily investment results, before fees and expenses, which correspond to twice the daily performance, they are having some heavy trading of 30 million lower from the average volume. Opened market at 5.57 30 cents lower from the previous trade.
The fund normally invests 80% of assets in financial instruments with economic characteristics that should be twice the return of the index. It may employ leveraged investment techniques in seeking its investment objective.
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Last Trade: 5.68
Day's Range: 5.56 - 5.71
52wk Range: 1.37 - 25.03
Change: Down 0.09 (1.54%)
Volume: 13,544,433
Avg Vol (3m): 45,134,400
About Ultra Financials ProShares
ProShares Ultra Financials (the Fund) seeks daily investment results that correspond to twice the daily performance of the Dow Jones U.S. Financials Index. The Dow Jones U.S. Financials Index measures the performance of the financial services industry of the United States equity market. Component companies include regional banks; United States domiciled international banks; full line, life, and property and casualty insurance companies; companies that invest, directly or indirectly in real estate; diversified financial companies, such as credit card issuers, check cashing companies, mortgage lenders and investment advisers; securities brokers and dealers including investment banks, merchant banks and online brokers; and publicly traded stock exchanges. The Fund takes positions in securities and financial instruments that, in combination, should have similar daily return characteristics as 200% of the daily return of the index.
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