ProShares Trust
UCOP
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 7501 Wisconsin Avenue, Suite 1000E Bethesda MD United States of America 20814
- IPO Date
- Apr 21, 2026
- CIK
- 0001409741
- Website
- proshares.com
- Similar Companies
- Business
- ProShares Ultra Copper K-1 Free ETF (UCOP) operates as a specialized exchange-traded fund within the ProShares Trust family, providing leveraged exposure to copper price movements while removing exposure to the complexities of managing K-1 tax forms. The fund seeks to deliver daily investment results that correspond to two times (2x) the daily performance of the copper price, before fees and expenses, by employing a combination of futures contracts and other derivative instruments designed to achieve its target on a daily basis. UCOP is part of ProShares’ broader suite of leveraged and inverse commodity ETFs, which collectively aim to offer investors tactical exposure to short-term price movements across select physical commodities. The fund does not intend to invest directly in physical copper; rather, it achieves its objective through a delta-adjusted futures-based strategy, rebalanced daily to maintain its stated leverage and exposure. UCOP offers Form 1099 tax reporting, providing a tax framework aligned with U.S. equity-style reporting for U.S.-based investors. The ETF is managed by ProShare Advisors, with operations coordinated by ProShares Trust II and its affiliated entities, and is registered with the U.S. Securities and Exchange Commission as a registered investment product under the fund family umbrella. The primary investment objective centers on achieving double the daily performance of copper prices, enabling investors to express views on copper market momentum, hedging purposes, and tactical asset allocation within a diversified portfolio. UCOP is structured to provide liquidity through standard ETF channels, including primary exchanges and market makers, and adheres to the governance and disclosure practices typical of U.S. listed funds, including regular NAV calculation, daily pricing, and periodic reporting. The fund targets primarily institutional and sophisticated retail investors seeking short-term, high-conviction copper exposure, with strategic use cases spanning hedging copper price risk, implementing commodity-focused trading strategies, and complementing broader commodity or equity allocations. ProShares maintains a global footprint through its product lineup and distribution channels, supporting investors across multiple markets, and situates UCOP within its global catalog of 11 geared commodity ETFs and over 110 products with substantial assets under management across leveraged and inverse strategies. UCOP contributes to the overall objective of providing access to leveraged commodity exposure in a transparent, rules-based, exchange-traded format suitable for professional and experienced investors seeking efficient, cost-aware trading vehicles for copper-focused strategies. Establishment and headquarters details: UCOP is issued by ProShares Trust II, a subsidiary vehicle of ProShares, with the parent company being ProFunds Group, headquartered in the United States, and the fund primarily distributed to U.S. investors through standard brokerage channels. UCOP’s product positioning, historical launches, and ongoing updates are publicly disclosed by ProShares through its official website and regulatory filings, ensuring consistency with evolving commodity market dynamics and ETF investor needs. The fund complements ProShares’ broader objective of delivering innovative, tax-advantaged, and accessible strategic exposure to commodity markets for professional and retail investors worldwide. The latest product introductions in 2026 expand ProShares’ suite of 2x daily geared commodity ETFs, reinforcing UCOP’s role as a core instrument for copper risk-on strategies within an active, diversified ETF program. The geographic footprint centers on U.S. markets with offerings to overseas investors where permitted by regulation, aligning UCOP with ProShares’ global distribution and compliance standards. For corporate structure, UCOP operates alongside other ProShares copper-related and commodity-focused products under the ProShares Trust umbrella, benefiting from shared governance, risk management, and distribution infrastructure. The fund’s ongoing changes include strategic product launches expanding the 2x geared commodity family, ongoing updates to fund disclosures, and continued alignment with regulatory requirements, all aimed at enhancing liquidity, transparency, and investor clarity in the leveraged commodity space. The fund’s aims remain centered on delivering proportional daily returns to copper price movements, while managing risk through disciplined portfolio construction and continuous oversight of derivative exposures. UCOP serves as a strategic vehicle for investors seeking amplified copper exposure within a regulated, exchange-traded format, with a clear emphasis on daily rebalancing mechanics and tax-reporting simplicity for eligible U.S. investors.