ProShares - Ultra Euro
ULE
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
FRC
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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
- Nov 25, 2008
- CIK
- 0001415311
- Website
- proshares.com
- Similar Companies
- Business
- ProShares Ultra Euro (ULE) seeks daily investment results that correspond to two times (2x) the daily performance of the euro versus the U.S. dollar, prior to fees and expenses. The exchange-traded fund employs derivatives, including euro/U.S. dollar forward contracts with counterparties such as UBS and Goldman Sachs, to achieve its leveraged exposure to the EUR/USD spot price as published by Bloomberg at 4:00 p.m. ET; it holds net other assets and cash to support its positions. Launched on November 24, 2008, and domiciled in the United States with an expense ratio of 0.95%, ULE trades on NYSE Arca under the ticker ULE (CUSIP 74347W874), offers quarterly distributions, and has options available; its assets under management stand at approximately $7-8 million as of late 2025. The fund targets sophisticated investors seeking magnified short-term returns or hedging against U.S. dollar strength, operating within the leveraged currency pair segment focused on long euro/short U.S. dollar positions. In recent developments, ProShares, the issuer managed by ProShare Advisors LLC, expanded its geared ETF lineup in September 2025 by launching four new single-stock products targeting 2x daily returns of Coinbase (COIA), Nvidia (NVDB), Palantir (PLTA), and Tesla (TSLS), underscoring its ongoing innovation in leveraged strategies amid a portfolio exceeding $90 billion in assets. In December 2025, ProShares withdrew registration requests for several highly leveraged ETFs (up to 5x exposure) following a U.S. SEC warning letter citing risk concerns, pausing reviews for products including those linked to Meta Platforms and Broadcom. Additionally, in November 2025, ProShares announced reverse share splits for 14 ETFs, though ULE was unaffected, reflecting routine portfolio maintenance across its offerings.