You can utilize fundamental analysis to find out if ProShares UltraPro 3x is mispriced or if you can make any profits on it by purchasing it and then waiting for the market to recognize its mistake and reprise the security. We found four available financial ratios for ProShares UltraPro 3x which can be compared to its competitors. Please check ProShares UltraPro 3x Total Asset to decide if ProShares UltraPro 3x is priced adequately. Use ProShares UltraPro to protect against small markets fluctuations. The etf experiences unexpected downward movement. The market is reacting to new fundamentals. Check odds of ProShares UltraPro to be traded at $16.58 in 30 days
ProShares UltraPro Company Summary
ProShares UltraPro competes with ProShares UltraShort, VelocityShares 3x, DB Crude, ProShares UltraShort, and DB GOLD. The investment seeks to return a multiple of the performance of the Bloomberg WTI Crude Oil Subindex for a single day. The underlying index reflects the performance of the price of West Texas Intermediate sweet, light crude oil futures contracts traded on the NYMEX. Under normal market conditions, the adviser will attempt to gain exposure to the benchmark by investing substantially all of the fund assets in listed futures contracts for West Texas Intermediate sweet, light crude oil traded in the United States and listed options on such contracts.