Streetbeat News

UPRO

ProShares UltraPro S&P500

https://www.proshares.com/funds/upro.html

Industry

Asset Management

The fund invests in financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the fund's investment objective. The index is a measure of large-cap U.S. stock market performance. The fund is non-diversified.

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Multiple stocks on the New York Stock Exchange, including Berkshire Hathaway and Chipotle, experienced sudden trading halts due to technical issues. The NYSE is investigating the issue, which caused significant price drops in some stocks.

Portfolio Pulse from Piero Cingari

June 03, 2024 | 2:37 pm

Swaggy Stocks has identified the top 7 trending stocks on WallStreetBets as of December 21, 2023. The stocks include UPRO, BB, TSLA, TQQQ, SPAM, QQQ, and XBI.

Portfolio Pulse from Benzinga Newsdesk

December 21, 2023 | 2:23 pm

The U.S. stock market has experienced a surge in buying activity, with over 60% of S&P 500 stocks reaching their 20-day high. The SPDR S&P 500 ETF Trust (SPY), iShares Core S&P 500 ETF (IVV), and Vanguard 500 Index Fund ETF (VOO) have seen over 9% gains since October 31. Leveraged ETFs like Direxion Daily S&P 500 Bull 3X Shares (SPXL) and ProShares UltraPro S&P 500 (UPRO) have seen nearly 28% returns in the same period. Positive macroeconomic factors and solid earnings reports have contributed to this growth. Historical data suggests that 'extreme buying' events, where more than 60% of S&P 500 stocks hit a 20-day high, lead to an average 18% return over the following 12 months, indicating positive expectations for 2024.

Portfolio Pulse from Surbhi Jain

December 05, 2023 | 7:24 pm

The S&P 500 experienced its second-best November since 1980, rallying 8.9%. ETFs tracking the index, such as SPY, IVV, and VOO, mirrored these gains. Factors contributing to the rally included declining bond yields, solid earnings, expectations of Fed policy easing, and seasonal trends. Leveraged ETFs like SPXL and UPRO saw even greater returns, around 25%. Market optimism is high, with expectations of continued gains over the next six months, supported by technical analysis showing the SPY ETF moving above its 200-day SMA.

Portfolio Pulse from Surbhi Jain

December 04, 2023 | 1:57 pm

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