- Sector
- Financial Services
- Industry
- Asset Management - Leveraged
- Address
- 7501 Wisconsin Avenue, Suite 1000E Bethesda MD United States of America 20814
- IPO Date
- Jan 25, 2007
- Business
- ProShares Ultra Russell2000 (UWM), issued by ProShare Advisors LLC, seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the Russell 2000 Index, a market-cap-weighted index comprising approximately 2,000 U.S. small-cap companies across diversified sectors including technology, healthcare, financials, industrials, and consumer discretionary; the fund employs derivatives such as swaps and futures contracts to achieve its leveraged exposure rather than directly holding index constituents, with top holdings including CREDO Technology Group, Bloom Energy, Fabrinet, EchoStar, and IonQ as of December 2025. Launched on January 23, 2007, and headquartered in Bethesda, Maryland, UWM trades on NYSE Arca with a net expense ratio of 0.95% (with contractual waiver through September 30, 2026), quarterly distributions, and options availability; it forms part of ProShares' extensive lineup of over 150 leveraged and inverse ETFs targeting equities, fixed income, commodities, and cryptocurrencies for tactical and strategic investors primarily in the U.S. market. ProShare Advisors LLC, founded as a division of ProFunds Group in 2006 from roots dating to 1997, operates globally from its Bethesda base with a recent New York Hudson Yards office opening and leads in geared ETF assets exceeding $100 billion as of October 2025. In recent developments, ProShares surpassed $100 billion in assets under management across its ETF and mutual fund affiliates in October 2025, expanded its lineup with launches including leveraged single-stock ETFs targeting 2x daily returns of Coinbase (COIA), Nvidia (NVDB), Palantir (PLTA), and Tesla (TSLI) in September 2025, Solana and XRP futures-based leveraged ETFs in July 2025, and dynamic buffer ETFs in June 2025, while withdrawing certain highly leveraged ETF proposals following SEC review in December 2025.