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Upturn Advisory Summary
01/10/2025: EETH (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type ETF | Historic Profit 12.19% | Avg. Invested days 33 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance 3.0 | ETF Returns Performance 3.0 |
Profits based on simulation | Last Close 01/10/2025 |
Key Highlights
Volume (30-day avg) 95357 | Beta - | 52 Weeks Range 44.35 - 85.91 | Updated Date 01/21/2025 |
52 Weeks Range 44.35 - 85.91 | Updated Date 01/21/2025 |
AI Summary
ProShares Trust ETF: An Overview
Profile:
ProShares Trust offers a broad range of ETFs encompassing diverse investment strategies and asset classes. Their lineup includes thematic, sector-specific, and index-tracking ETFs, utilizing both long and short investment techniques. They aim to provide investors with various tools for achieving their financial goals.
Objective:
The primary investment goals of ProShares ETFs vary depending on the specific fund. Some aim to track the performance of a particular index or sector, while others target specific investment themes or utilize leverage to amplify returns.
Issuer:
ProShares Trust is sponsored by ProShares Advisors LLC, a registered investment advisor based in Bethesda, Maryland. Established in 2006, ProShares holds a solid reputation for innovation and creativity in the ETF space.
Issuer - Reputation and Reliability:
ProShares enjoys a positive reputation in the industry. They consistently appear among the top ETF issuers in terms of assets under management and innovation, recognized for their diverse and unique product offerings.
Issuer - Management:
ProShares' management team comprises experienced investment professionals with extensive backgrounds in portfolio management, research, and product development. The leadership team, including CEO Michael Sapir and Head of Product Strategy Simeon Hyman, brings decades of experience to the table.
Market Share:
As of October 2023, ProShares Trust holds approximately $59.4 billion in assets under management and ranks as the fifth-largest ETF issuer in the US market.
Total Net Assets:
ProShares manages over 200 ETFs with total net assets exceeding $59.4 billion as of October 2023.
Moat:
ProShares' competitive edge lies in its innovative product design and diverse selection of ETFs. They are recognized for pioneering thematic and niche ETFs, addressing the evolving needs of investors. Other advantages include competitive expense ratios and access to ProShares' proprietary research and insights.
Financial Performance:
While specific performance details require individual ETF analysis, ProShares Trust offers funds with historically strong track records. Many have outperformed comparable index benchmarks. However, remember that past performance is not indicative of future results.
Growth Trajectory:
The future outlook for ProShares Trust remains positive. The ETF industry is experiencing robust growth, and ProShares' innovative approach positions them to capture further market share.
Liquidity:
Average Trading Volume varies between individual ProShares ETFs. Some enjoy high volume, exceeding millions of shares daily, while others experience lower trading volumes.
Bid-Ask Spread:
Similar to trading volume, the bid-ask spread varies across ProShares ETFs. Generally, they maintain competitive spreads, facilitating easy buying and selling.
Market Dynamics:
Multiple factors influence ProShares Trust's market environment, including economic indicators, specific sector performance, and broader market trends. Actively understanding these factors is crucial for evaluating individual ETFs.
Competitors:
The ETF space is crowded. Major competitors include iShares, Vanguard, and Invesco, each managing significant assets and diverse ETF portfolios.
Expense Ratio:
Expense ratios for ProShares ETFs range between 0.2% and 0.95% annually, depending on the specific fund's management strategy and complexity.
Investment Approach and Strategy:
ProShares utilizes diverse investment approaches and strategies. Some ETFs passively track specific benchmarks, while others actively manage portfolios towards specific themes or asset classes. Certain strategies encompass leverage or short selling to magnify returns or achieve specific hedging objectives.
Composition:
The composition of ProShares' ETFs varies significantly depending on the specific fund's mandate. Holdings can include equities, fixed income securities, commodities, or other instruments. Investors should thoroughly investigate each ETF's prospectus for detailed information on the assets it holds.
Key Points:
- Diverse product offering encompassing a wide range of investment strategies and asset classes.
- Recognized for innovation and unique ETF design.
- Solid market share and growing assets under management.
- Competitive expense ratios.
Risks:
- Portfolio risks - The specific risks associated with investing in ProShares ETFs vary depending on the underlying investments. Thorough analysis of each ETF's holdings is necessary to understand these risks.
- Market volatility - Like all investments, ProShares ETFs are exposed to market volatility, leading to potential price fluctuations.
- Counterparty risk - Certain investment strategies, such as utilizing derivatives, involve counterparty risk, where the underlying counterparty might not fulfill its obligations.
Who Should Consider Investing:
ProShares Trust caters to various investor profiles, from experienced traders seeking niche exposure through thematic or leveraged ETFs to buy-and-hold investors focusing on long-term wealth accumulation using diversified sector and index ETFs. It's crucial to align your investment goals, risk tolerance, and due diligence with the appropriate ProShares ETF.
Fundamental Rating Based on AI:
8.5/10. ProShares possesses strong fundamentals, evident in its innovative product development, robust market share, competitive expense ratios, and skilled management team. Their focus on growth and catering to investors' evolving needs positions them favorably in the evolving ETF landscape. Nonetheless, investors should always conduct independent research and tailor their investment decisions to their individual needs.
Resources and Disclaimers:
This summary utilizes data sourced from ProShares' official website, ETF Database, and Morningstar. This information serves for educational purposes and should not be considered investment advice. Individual investors are solely responsible for conducting their research and due diligence before making investment decisions.
About ProShares Trust
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website |
The fund seeks to achieve its investment objective primarily through managed exposure to ether futures contracts. In this manner, the fund seeks to provide investment results that correspond to the performance of ether. It is non-diversified.
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.