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ULY

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1d
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1m

Analysis and statistics

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About

ULY.US represents the shares of ProShares Ultra Oil & Gas, an exchange-traded fund (ETF) designed to provide twice (2x) the daily investment results of the Dow Jones U.S. Oil & Gas Index. This index tracks a broad range of U.S. companies involved in the oil and gas industries. Because ULY.US is a leveraged ETF, its performance can be significantly more volatile than the underlying index and is best suited for short-term trading strategies rather than long-term investments. Investors should carefully consider the risks associated with leveraged ETFs before investing, including the potential for significant losses due to the effects of compounding and daily resets.
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Factors

Underlying Asset Performance: ULY.US tracks the Solactive US Large Cap index. Its price is heavily influenced by the performance of the companies within this index.

Index Composition Changes: Significant alterations to the Solactive US Large Cap index's constituents can affect ULY.US as the fund rebalances its holdings to match the index.

Market Sentiment: Broad market optimism or pessimism will impact the demand and therefore the price of ULY.US.

Economic Conditions: Macroeconomic factors such as interest rates, inflation, and GDP growth can impact the performance of the companies within the Solactive US Large Cap index, thus affecting ULY.US.

Sector Performance: The performance of specific sectors heavily represented in the Solactive US Large Cap index will influence ULY.US price.

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