ProShares Trust ProShares Ultra Ether ETFProShares Trust ProShares Ultra Ether ETFProShares Trust ProShares Ultra Ether ETF

ProShares Trust ProShares Ultra Ether ETF

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Key stats


Assets under management (AUM)
‪202.50 M‬USD
Fund flows (1Y)
‪340.23 M‬USD
Dividend yield (indicated)
0.04%
Discount/Premium to NAV
0.06%
Shares outstanding
‪22.11 M‬
Expense ratio
0.94%

About ProShares Trust ProShares Ultra Ether ETF


Issuer
ProShare Advisors LLC
Brand
ProShares
Home page
Inception date
Jun 7, 2024
Structure
Open-Ended Fund
Index tracked
Bloomberg Ethereum Index - Benchmark TR Gross
Replication method
Synthetic
Management style
Passive
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
ProShare Advisors LLC
Distributor
SEI Investments Distribution Co.
ETHT is a bullish one-day bet on Ether, seeking to provide double the daily returns of its underlying Ether index. The index, maintained by Bloomberg Index Services, is designed as a proxy for the Ether market. The index price is a composite of US Dollar-Ether trading activities reported by digital asset trading platforms. The fund does not invest directly in Ether. It primarily buys cash-settled Ether futures contracts, using a mathematical approach to obtain exposure to the index. It will roll the contracts monthly as they near expiration and replace them with new futures contracts with a later expiration date. The fund also holds money market instruments for necessary collateral. It gains leveraged exposure by utilizing a wholly-owned Cayman Islands subsidiary. The returns of the fund can vary significantly from 2x exposure if held for longer than a day. As a geared product with daily resets, the fund is designed as a short-term trading tool and not a long-term investment vehicle.

Classification


Asset Class
Currency
Category
Pair
Focus
Long Ether, short USD
Niche
Derivative
Strategy
Vanilla
Geography
Global
Weighting scheme
Single asset
Selection criteria
Single asset
What's in the fund
Exposure type
Bonds, Cash & Other
Cash
Bonds, Cash & Other100.00%
Cash100.00%
Top 10 holdings
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.

Broaden your horizons with more funds linked to ETHT via country, focus, and more.

Frequently Asked Questions


An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
ETHT trades at 8.62 USD today, its price has fallen −5.90% in the past 24 hours. Track more dynamics on ETHT price chart.
ETHT net asset value is 8.61 today — it's risen 93.35% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
ETHT assets under management is ‪202.50 M‬ USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
ETHT price has risen by 95.91% over the last month, and its yearly performance shows a −78.42% decrease. See more dynamics on ETHT price chart.
NAV returns, another gauge of an ETF dynamics, showed a 7.19% increase in three-month performance and has decreased by −60.55% in a year.
ETHT fund flows account for ‪340.23 M‬ USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
ETHT invests in cash. See more details in our Analysis section.
ETHT expense ratio is 0.94%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
Yes, ETHT is a leveraged ETF, meaning it uses borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, ETHT technical analysis shows the neutral rating and its 1-week rating is sell. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating ETHT shows the buy signal. See more of ETHT technicals for a more comprehensive analysis.
Yes, ETHT pays dividends to its holders with the dividend yield of 0.04%.
ETHT trades at a premium (0.06%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
ETHT shares are issued by ProShare Advisors LLC
ETHT follows the Bloomberg Ethereum Index - Benchmark TR Gross. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Jun 7, 2024.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.