UCC ISSUER
The UCC ETF is managed by ProShare Advisors, a firm known for its mathematical approach to investing. ProShare Advisors seeks to achieve daily returns consistent with the Fund's investment objective by investing in financial instruments. The ETF tracks the performance of U.S. companies in the consumer services industry as defined by the S&P Dow Jones Indices LLC. It primarily invests in equity securities of public companies, derivatives, and money market instruments, with an aim to provide leveraged exposure to the Index's daily returns. Daily rebalancing and compounding of returns mean that the ETF's performance over periods longer than a single day may differ from two times (2x) the Index's return. It can also lose money due to various factors, including the Index's volatility. As of May 31, 2022, the Index was concentrated in the retailing industry group and focused on the media & entertainment and consumer services industry groups.
UCC DIVIDEND
Although the primary focus of the ProShares Ultra Consumer Services ETF (UCC) is on providing leveraged exposure to the performance of the S&P Dow Jones U.S. Consumer Services Index, it does not directly distribute dividends. The ETF's investment objective is to produce daily returns consistent with its benchmark index. Any potential dividend distributions depend on the dividend policies and performances of the underlying companies within the index. As UCC primarily seeks leveraged returns for a single day, it is not typically considered for income-seeking investors, but rather for those aiming to capitalize on short-term price movements in the consumer services sector. Please note that since UCC follows a daily leveraged strategy, its returns over longer periods may significantly differ from two times (2x) the return of the underlying index due to the effects of daily rebalancing and compounding. Investors should carefully consider their investment objectives and risk tolerance before investing in this ETF.
UCC TRACKING
The UCC ETF, managed by ProShare Advisors, aims to provide daily returns consistent with its investment objective, which involves tracking the S&P Dow Jones Indices LLC-constructed Index for the consumer services industry in the United States. This index encompasses various sectors within the consumer services industry, including airlines, broadcasting, entertainment, retailers, media agencies, publishing, gambling, hotels, restaurants, bars, and travel and tourism. The fund achieves its objective through investments in financial instruments such as equity securities, derivatives, and money market instruments. Utilizing a mathematical approach to investing, the UCC ETF seeks to maintain leveraged exposure to the daily returns of the Index, regardless of market conditions, making it an option for investors interested in the performance of the consumer services sector. However, it's important to note that due to daily rebalancing and compounding, the fund's returns over periods longer than a single day may differ from twice the Index's returns, and it can lose money regardless of the Index's performance, subject to various risks outlined in its prospectus.
UCC CORRELATION
The correlation aspect of the ProShares Ultra Consumer Services ETF (UCC) is essential for understanding its performance in relation to the consumer services industry. As UCC seeks to provide daily returns that are leveraged (2x) to the performance of the DJUSCY Index, it exhibits a strong correlation with the movements of companies in the consumer services sector. This correlation makes UCC a valuable tool for investors looking to gain amplified exposure to this specific industry or hedge their positions accordingly. To study UCC's correlations with other assets and sectors, ETF Insider offers a comprehensive web app, providing deep insights and data visualization tools to help investors make informed decisions and identify potential overlap with their portfolios.
UCC SECTOR
The UCC ETF (UCC) primarily focuses on the consumer services industry, as tracked by the S&P Dow Jones Indices LLC's Index. This sector encompasses a wide range of businesses, including airlines, broadcasting and entertainment, apparel and broadline retailers, food and drug retailers, media agencies, publishing, gambling, hotels, restaurants and bars, and travel and tourism. UCC offers investors exposure to this diverse sector, allowing them to potentially benefit from the performance of companies operating in various consumer-driven segments. However, it's important to note that the fund may concentrate its investments in specific industries within the consumer services sector, which can lead to increased risk and volatility.
UCC EXPOSURE
The UCC ETF''s exposure is designed to track the performance of U.S. companies within the consumer services industry. Component companies encompass various sectors, including airlines, broadcasting, apparel, food and drug retailers, media agencies, publishing, gambling, hotels, restaurants, and travel and tourism. UCC aims to provide investors with exposure to the consumer services sector, allowing them to participate in the growth and dynamics of this industry. For a more in-depth analysis of UCC''s exposure and correlations, you can utilize ETF Insider''s web app, which offers comprehensive data and visualization tools for U.S. ETFs.
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