ProShares - Ultra NVDA
NVDB
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ROIC.AI
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- ProShares Trust (NVDB) is an exchange-traded fund that seeks daily investment results, before fees and expenses, corresponding to two times (2x) the daily performance of the common stock of NVIDIA Corporation (NASDAQ: NVDA). The fund invests principally in derivatives, including swap agreements with major global financial institutions such as Nomura, Goldman Sachs, and Bank of America; equity securities; and money market instruments like U.S. Treasury bills and repurchase agreements, to provide leveraged exposure to NVDA without direct investment in the underlying stock. It operates with a net expense ratio of 0.95% after fee waivers through September 30, 2026, and is non-diversified with concentrated exposure to the semiconductors and semiconductor equipment industry. Headquartered in Bethesda, Maryland, ProShares Trust is part of ProShares, a prominent provider of leveraged and inverse ETFs managing over $75 billion in assets across more than 140 products. The NVDB fund, with ticker NVDB and CUSIP 74347Y399, lists on NYSE Arca and targets investors seeking amplified daily returns from NVDA, a leader in data center computing platforms, AI solutions, software, and GPUs operating in compute & networking and graphics segments. Launched on September 8, 2025, NVDB represents a recent expansion of ProShares' lineup of single-stock leveraged ETFs, announced on September 10, 2025, alongside similar 2x daily return funds for Coinbase (COIA), Palantir (PLTA), and Tesla (TSLI). This strategic launch leverages ProShares' nearly 30 years of expertise in leveraged products to capitalize on high-profile innovators transforming sectors like AI and technology.