ProShares - Ultra High Yield
UJB
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Leveraged
- Address
- 7501 Wisconsin Avenue, Suite 1000E Bethesda MD United States of America 20814
- IPO Date
- Apr 14, 2011
- CIK
- 0001174610
- Website
- proshares.com
- Similar Companies
- Business
- ProShares Ultra High Yield (UJB) is an exchange-traded fund that seeks daily investment results, before fees and expenses, corresponding to two times (2x) the daily performance of the Markit iBoxx $ Liquid High Yield Index. The fund invests principally in derivatives such as swap agreements with major global financial institutions including Goldman Sachs International, Citibank NA, UBS AG and BNP Paribas; exchange-traded funds; and money market instruments including U.S. Treasury bills and repurchase agreements to obtain leveraged exposure to at least 80% of its total assets in components of the index or instruments with similar economic characteristics. The Markit iBoxx $ Liquid High Yield Index measures the performance of U.S. dollar-denominated high yield corporate debt issued by companies domiciled in developed countries and rated BB+ or lower by Fitch Ratings Inc. or Standard & Poor’s Financial Services LLC and Ba1 or lower by Moody’s Investors Service Inc., with bonds weighted by market capitalization subject to a 3% issuer limit and positions reset monthly; as of September 30, 2025, the index comprised 1,269 issues with a modified duration of 2.75 years, weighted average maturity of 4.52 years, weighted average coupon of 6.47% and weighted average yield to maturity of 6.95%. Established on April 13, 2011, and listed on NYSE Arca, the fund is part of ProShares Trust, managed by ProShare Advisors LLC in Bethesda, Maryland, with a net expense ratio of 0.95% after contractual waivers through September 30, 2026 and quarterly income distributions. UJB targets investors seeking leveraged exposure to the U.S. high yield (junk bond) fixed income segment, providing 2x daily returns to the liquid high yield corporate bond market while employing daily rebalancing to maintain its target leverage irrespective of market conditions. The fund operates globally through its derivative exposures tied to developed market issuers but focuses on USD-denominated securities without direct foreign investment risks beyond index composition. In recent developments, ProShare Advisors extended the contractual fee waiver and expense reimbursement agreement through September 30, 2026, ensuring total annual fund operating expenses after waivers remain at 0.95% despite gross expenses of 1.66%. The fund maintained portfolio manager continuity with Michael Neches and Tarak Davé jointly overseeing operations since April 1, 2021, amid ongoing reviews of ProShares' ETF lineup that have led to closures of other products but no changes affecting UJB. As of December 17, 2025, UJB reported a NAV of $78.52, year-to-date NAV return of 11.36% and trading volume of 268 million shares, reflecting sustained liquidity in the leveraged high yield ETF category.