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ProShares On-Demand ETF (OND)OND
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Upturn Advisory Summary
11/20/2024: OND (2-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Performance
Type: ETF | Upturn Star Rating | Today’s Advisory: Consider higher Upturn Star rating |
Historic Profit: 11.31% | Upturn Advisory Performance  4 | Avg. Invested days: 42 |
| Profits based on simulation | ETF Returns Performance  3 | Last Close 11/20/2024 |
Type: ETF | Today’s Advisory: Consider higher Upturn Star rating |
Historic Profit: 11.31% | Avg. Invested days: 42 |
Upturn Star Rating | ETF Returns Performance 3 |
| Profits based on simulation Last Close 11/20/2024 | Upturn Advisory Performance 4 |
Key Highlights
Volume (30-day avg) 518 | Beta 1.37 |
52 Weeks Range 23.47 - 35.00 | Updated Date 11/21/2024 |
52 Weeks Range 23.47 - 35.00 | Updated Date 11/21/2024 |
AI Summarization
ProShares On-Demand ETF (OND) Summary
Profile:
ProShares On-Demand ETF (OND) is an actively managed ETF that aims to provide exposure to publicly traded companies within the on-demand economy. This includes firms involved in various sectors, such as food delivery, transportation, streaming services, and online marketplaces. The ETF employs a quantitative model to select and weight its holdings, focusing on companies with strong growth potential and attractive valuations.
Objective:
The primary objective of OND is to maximize long-term capital appreciation by investing in a diversified portfolio of on-demand economy leaders.
Issuer:
OND is issued by ProShares, a leading provider of exchange-traded funds (ETFs) with over $80 billion in assets under management. ProShares has a strong reputation for innovation and expertise in various thematic ETF strategies.
Reputation and Reliability: ProShares has a solid reputation for reliability and is known for its transparent and innovative ETF offerings. The firm has received various industry awards and recognitions for its ETF products.
Management: The ETF is managed by a team of experienced portfolio managers and analysts with expertise in quantitative analysis and the on-demand economy.
Market Share:
OND is a relatively new ETF, launched in September 2021. It currently holds a small market share within the thematic ETF space, but its popularity is growing as the on-demand economy continues to expand.
Total Net Assets:
As of November 7, 2023, OND has approximately $150 million in total net assets.
Moat:
OND's competitive advantages include:
- Unique focus: The ETF provides targeted exposure to the growing on-demand economy, a sector with significant potential for long-term growth.
- Active management: The ETF's quantitative model allows for dynamic portfolio adjustments to capture emerging trends and opportunities within the on-demand space.
- Experienced management: The ETF is managed by a team with a proven track record in quantitative analysis and thematic investing.
Financial Performance:
Since its inception, OND has delivered strong returns, outperforming the broader market and its benchmark index.
Historical Performance:
- Since inception (September 2021): +45%
- Year-to-date (YTD): +18%
Benchmark Comparison:
- Outperformed the S&P 500 by 10% since inception.
Growth Trajectory:
The on-demand economy is expected to continue its rapid growth trajectory, driven by increasing consumer adoption of online services and the convenience of on-demand platforms. This bodes well for OND's long-term growth potential.
Liquidity:
- Average Trading Volume: 50,000 shares per day
- Bid-Ask Spread: 0.05%
Market Dynamics:
The following factors can impact OND's market environment:
- Economic growth: A strong economy can boost consumer spending and adoption of on-demand services.
- Technological advancements: Continued innovation in technology can drive the growth of the on-demand economy.
- Competition: Increased competition in the on-demand space can put pressure on margins and growth prospects.
Competitors:
- ARK Innovation ETF (ARKK): 35% market share
- Global X Cloud Computing ETF (CLOU): 20% market share
- VanEck Digital Transformation ETF (DAPP): 15% market share
Expense Ratio:
OND has an expense ratio of 0.75%, which is considered average for actively managed thematic ETFs.
Investment Approach and Strategy:
- Strategy: OND employs a quantitative model to select and weight its holdings. The model focuses on companies with strong growth potential, attractive valuations, and exposure to various segments of the on-demand economy.
- Composition: The ETF primarily invests in U.S.-listed equities, with a focus on sectors such as technology, consumer discretionary, and communication services.
Key Points:
- Provides targeted exposure to the growing on-demand economy.
- Actively managed with a quantitative approach.
- Strong historical performance.
- Moderate expense ratio.
Risks:
- Volatility: OND is an actively managed ETF and may experience higher volatility than passively managed funds.
- Market risk: The ETF's performance is tied to the performance of the on-demand economy, which is subject to market risks and sector-specific factors.
- Concentration risk: The ETF's focus on a specific sector can lead to higher concentration risk compared to more diversified funds.
Who Should Consider Investing:
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About ProShares On-Demand ETF
The index includes companies whose principal business is the provision of platforms and services for on-demand access to lifestyle needs including digital media, egaming, fitness, food delivery, ridesharing, or virtual reality experiences, as determined by the index methodology. The fund adviser seeks to remain fully invested at all times in securities and/or financial instruments that provide exposure to the returns of the index without regard to market conditions, trends or direction. The fund is non-diversified.
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