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UGOFX

$--
--%
1d
1w
1m

Analysis and statistics

  • Open
    12.2059$
  • Previous Close
    12.2059$
  • 52 Week Change
    --
  • Day Range
    0.00$
  • 52 Week High/Low
    --
  • Dividend Per Share
    --
  • Market cap
    --$
  • EPS
    --
  • Beta
    --
  • Volume
    --

About

UGOFX.US refers to the ProShares Ultra Gold Miners ETF. This Exchange Traded Fund (ETF) seeks to provide investment results that correspond to twice (2x) the daily performance of the Solactive Global Gold Miners Total Return Index. The index includes publicly traded companies that derive a significant portion of their revenue from gold mining. Due to its leveraged nature, UGOFX is designed for short-term trading strategies and is not suitable for long-term holding periods. The leverage amplifies both gains and losses, making it a higher-risk investment. Investors should carefully consider their risk tolerance and investment objectives before investing in UGOFX.
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Factors

Demand and Supply: Higher demand pushes prices up, while increased supply lowers them.

Underlying Assets: The value of the assets backing the fund directly impacts its price.

Market Sentiment: Overall investor optimism or pessimism influences trading activity and price.

Interest Rates: Changes in interest rates can affect the attractiveness of UGOFX.US compared to other investments.

Economic Indicators: Data releases like GDP, inflation, and employment figures can trigger price fluctuations.

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