ProShares - Ultra S&P 500 Equal Weight
URSP
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
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- CEO
- Michael L. Sapir
- Sector
- Financial Services
- Industry
- Asset Management - Leveraged
- Address
- 7272 Wisconsin Avenue, 21st Floor Bethesda MD United States of America 20814
- IPO Date
- Aug 27, 2025
- Website
- proshares.com
- Similar Companies
- Business
- ProShares Ultra S&P 500 Equal Weight (URSP), managed by ProShare Advisors LLC, seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the S&P 500 Equal Weight Index. The fund provides leveraged exposure primarily through financial instruments, including swap agreements such as the S&P 500 Equal Weight Index Swap with Bank of America NA (120.98% exposure) and Société Générale (4.44% exposure), as well as direct holdings in S&P 500 equal-weight constituents like Warner Bros. Discovery Inc., Western Digital Corp., and Albemarle Corp.; it maintains approximately 506 holdings with a net expense ratio of 0.95% and total net assets of around $53.96 million. Launched on August 25, 2025, and headquartered in Bethesda, Maryland, ProShares operates globally with a suite of over $60 billion in leveraged and inverse ETFs targeting equities, fixed income, commodities, volatility, and currencies for institutional and retail investors seeking tactical opportunities to enhance returns and manage risk. In August 2025, ProShares launched URSP as the first and only ETF targeting 2x daily returns of the S&P 500 Equal Weight Index, expanding its leadership in leveraged products and addressing market concentration risks by equally weighting each of the 500 largest U.S. companies at 0.2% quarterly, in contrast to the traditional S&P 500's market-cap dominance by mega-caps. This introduction complements existing offerings like UltraPro QQQ (TQQQ), the world's largest leveraged ETF, with no reported acquisitions, funding rounds, or strategic shifts specific to URSP since inception. The fund remains fully invested under normal circumstances in derivatives and index components, with quarterly distributions and a gross expense ratio of 1.19% (net 0.95% through September 30, 2026).