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UBUV

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1d
1w
1m

Analysis and statistics

  • Open
    30.6791$
  • Previous Close
    30.1078$
  • 52 Week Change
    --
  • Day Range
    0.57$
  • 52 Week High/Low
    --
  • Dividend Per Share
    --
  • Market cap
    --$
  • EPS
    --
  • Beta
    --
  • Volume
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About

The financial product symbol UBUV.F typically refers to the BetaPro UltraPro Bitcoin ETF. It's a Canadian-listed exchange-traded fund (ETF) designed to provide leveraged exposure to the daily price movements of Bitcoin. Specifically, it aims to deliver triple (3x) the daily performance of the Solactive Bitcoin Front Month Rolling Futures Index CAD, meaning that if the underlying Bitcoin futures index increases by 1% on a given day, UBUV.F aims to increase by 3%, and vice versa. Investors should note that due to the leveraged nature, the ETF is intended for short-term trading and not for long-term holding as the compounding effect of daily returns can significantly deviate from the performance of Bitcoin over extended periods.

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Factors

Underlying Index Performance: UBUV.F's price largely mirrors the leveraged performance of its underlying index, the MSCI USA IMI Financials Index. A rise in the index typically leads to a magnified increase in UBUV.F's price, while a decline causes a magnified decrease.

Leverage Ratio: UBUV.F provides 2x leveraged exposure. This means that its price is expected to move twice as much as the underlying index on a daily basis, amplifying both gains and losses.

Interest Rates: Financing costs associated with leverage can impact UBUV.F's price. Higher interest rates may reduce returns, and vice versa.

Volatility: High market volatility in the financials sector can negatively impact UBUV.F due to the daily rebalancing of the leveraged exposure. This can erode returns over time, known as volatility drag.

Trading Volume & Liquidity: Lower trading volumes can lead to wider bid-ask spreads, potentially affecting the price at which investors can buy or sell UBUV.F shares.

Expense Ratio: UBUV.F's expense ratio, charged by the fund manager, can slightly reduce the overall return to investors.

Supply and Demand: Market dynamics of supply and demand for UBUV.F shares themselves can influence its price, independent of the underlying index.

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