URE SHORTDouble top, hitting off upper resistance band, higher probability short at this point. Not financial advice.
Key stats
About ProShares Ultra Real Estate
Expense ratio
0.95%
Home page
Inception date
Jan 30, 2007
URE provides 2x leveraged exposure to the S&P Real Estate Select Sector Index a market cap-weighted index of US real estate companies, as classified by S&P Dow Jones. The underlying index does a good job of capturing the US real estate space. On the other hand, URE is designed as a short-term trading vehicle rather than a long-term investmentcompounding and path dependency make its long-term returns difficult to predict. Aside from the daily compounding of returns, URE also engages in daily rebalancing. The index undergoes annual reconstitution and quarterly review. Prior to March 17, 2023, the fund tracked the Dow Jones US Real Estate Index.
Classification
What's in the fund
Exposure type
Finance
Cash
Stock breakdown by region
Displays a symbol's price movements over previous years to identify recurring trends.