ProShares begun trading 2 new ETFs: the ProShares Ultra Oil & Gas Exploration & Production (NYSE Arca: UOP) and the ProShares UltraShort Oil & Gas Exploration & Production (NYSE Arca: SOP) on Monday, June 22, 2015.
Here is a synopsis of the new ETFs:
1.
FUND INFORMATION:
| Symbol: UOP | Exchange: Nyse Arca |
| Name: ProShares Ultra Oil & Gas Exploration & Production | Net Expense Ratio: 0.95% |
FUND OBJECTIVE:
The ProShares Ultra Oil & Gas Exploration & Production seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the S&P Oil & Gas Exploration & Production Select Industry Index.
2.
FUND INFORMATION:
| Symbol: SOP | Exchange: Nyse Arca |
| Name: ProShares UltraShort Oil & Gas Exploration & Production | Net Expense Ratio: 0.95% |
FUND OBJECTIVE:
The ProShares UltraShort Oil & Gas Exploration & Production seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the S&P Oil & Gas Exploration & Production Select Industry Index.
REFERENCE INDEX:
The S&P Oil & Gas Exploration & Production Select Industry Index is equally weighted (as adjusted for diversification and liquidity) and includes domestic companies from the oil and gas exploration and production sub-industry.
As of May 31, 2015, the Index was comprised of 74 stocks. The companies included in the Index have an average market capitalization of $16.9 billion and are concentrated in the energy and oil and gas sectors as of May 31, 2015. Component securities have capitalizations ranging from $ 267.2 million to $356.2 billion as of May 31, 2015.
Index Top 10 Holdings (03/31/15):
| SandRidge Energy Inc. | 1.55% |
| Energy XXI Ltd. | 1.54% |
| EXCO Resources Inc. | 1.53% |
| SM Energy Co. | 1.53% |
| Rice Energy Inc. | 1.51% |
| Laredo Petroleum Inc. | 1.50% |
| Magnum Hunter Resources Corp | 1.50% |
| Range Resources Corp. | 1.48% |
| Alon USA Energy Inc. | 1.47% |
| PBF Energy Inc. | 1.46% |
Index sectors Weights (03/31/15):
| Oil & Gas Producers | 98.69% |
| Alternative Energy | 1.31% |
Useful Links:
| UOP Home Page | SOP Home Page |
Category: Equities> Regions> USA> US Sectors/Industries> US Energy