ProShares - UltraPro S&P500
UPRO
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
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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
- 7272 Wisconsin Avenue Bethesda DE United States of America 20814
- IPO Date
- Jun 25, 2009
- CIK
- 0001174610
- Website
- proshares.com
- Similar Companies
- Business
- ProShares UltraPro S&P500 (UPRO) is an exchange-traded fund that seeks daily investment results, before fees and expenses, corresponding to three times (3x) the daily performance of the S&P 500 Index, a market capitalization-weighted index of 500 large-cap and mid-cap U.S. companies selected by the S&P Committee; the fund invests principally in equity securities such as common stocks of S&P 500 constituents, derivatives including swap agreements with major global financial institutions and futures contracts, and money market instruments like U.S. Treasury bills and repurchase agreements to achieve its leveraged exposure and daily rebalancing. UPRO provides leveraged daily exposure to the broad U.S. equity market, targeting sophisticated investors comfortable with high volatility and short-term trading rather than long-term buy-and-hold strategies, with a gross expense ratio of 0.89% and quarterly distributions. Launched on June 23, 2009, and listed on NYSE Arca, the fund is managed by ProShare Advisors LLC, a Bethesda, Maryland-based investment manager founded in 1999 and headquartered at 7272 Wisconsin Avenue, which offers one of the largest lineups of leveraged and inverse ETFs focused on strategic and tactical opportunities across equities, commodities, volatility, and cryptocurrencies without direct asset holdings. The fund operates primarily in the United States, with exposure derived from domestic large-cap equities weighted by market capitalization and rebalanced quarterly by the index provider. ProShares Trust, the issuer, remains fully invested in financial instruments to maintain 3x leverage, subject to daily portfolio adjustments based on index movements. In recent developments, ProShare Advisors agreed to a contractual fee waiver and expense reimbursement through September 30, 2026, capping total annual fund operating expenses at 0.95% before waivers to enhance net performance amid competitive pressures in the leveraged ETF space; the firm launched three futures-based XRP cryptocurrency-tracking ETFs in April 2025 following SEC-implied approval, expanding its crypto offerings beyond Bitcoin and Ether strategies. Additionally, ProShares introduced its first interval fund in October 2025 with at least 80% allocation to private equity strategies including buyouts, growth equity, and secondaries, marking a strategic shift into semi-liquid alternatives and leveraging ETF expertise for broader investor access to illiquid assets. These moves reflect ongoing product innovation and diversification within the ETF and alternative investment segments.