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USD - The Ultra Semiconductors ETF Seeks 2x The Daily Return Of The DJ U.S. Semi Index
ProShares Ultra Semiconductors
The ProShares Ultra Semiconductors ETF seeks to double the daily return of the Dow Jones U.S. Semiconductors Index.
It attempts to do so primarily by the use of SWAP contracts on the index while holding a portfolio of individual semiconductor companies.
Year-to-date the ETF appears to have fallen well short of its implied objective. That said, over the past year the fund has delivered a very respectable total return of 72%.