ProShares Ultra Financials (UYG) has experienced a significant increase in shares outstanding, with an inflow of approximately $195.7 million, marking a 22.8% increase week-over-week, rising from 9,107,750 to 11,182,750 units.
Key underlying components include CME Group (CME) up 0.9%, Arthur J. Gallagher & Co. (AJG) up 0.3%, and Moody’s Corp. (MCO) up 0.4%. UYG’s 52-week range is $62.22 to $99.919, with the last trade at $94.89, compared to its 200-day moving average.
Exchange-traded funds (ETFs) operate similarly to stocks, but involve buying and selling “units,” which can be adjusted based on investor demand, impacting the underlying components in the process.
