Is ProShares Ultra Platinum K-1 Free ETF (UPLT) a Buy, Sell, or Hold?
AMEX : UPLT
ProShares Ultra Platinum K-1 Free ETF
$21.454 USD
$0.02 (0.09%)
- Volume
- 496
- Average Volume
- 626
- Market Capitalization
- $2.29M
- P/E Ratio
- Dividend Yield
- %
- Price Target
- Year High
- $42.12
- Year Low
- $20.59
- Day High
- —
- Day Low
- —
- Payout Ratio
- Current Ratio
Company Overview
AMEX
None
Asset Management - Leveraged
Financial Services
UPLT
N/A
US
USD
Liquidity Metrics
Sales & Valuation
-$
Profitability
-$
%
%
%
%
P/E Metrics
Analyst Price Target & Rating
0/5
0 Analysts
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Company Executives
No executive data available.
Poll Results
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About ProShares Ultra Platinum K-1 Free ETF (AMEX:UPLT) Stock
UPLT is an exchange-traded fund structured to deliver amplified daily returns, specifically aiming to double the percentage change in platinum prices each day, prior to accounting for its operational costs. Its performance benchmark is the abrdn Physical Platinum Shares ETF (PPLT), which is backed by physical platinum bullion. Rather than directly holding the precious metal, UPLT achieves its leveraged exposure predominantly through financial instruments known as swap agreements. A notable advantage for investors is its "K-1 free" designation, which typically simplifies the tax reporting process compared to various other commodity-focused investment products. Any remaining capital not committed to these swaps is generally invested in highly liquid, short-term assets such as U.S. Treasury b ... ills, repurchase agreements, or money market funds, serving primarily as collateral. The fund's holdings are rebalanced at the end of each trading day to maintain its target of approximately 200% exposure. This daily rebalancing means that performance over periods longer than a single day may significantly differ from simply two times the platinum market's movement, due to the compounding effect of daily resets and market volatility. Consequently, this investment approach is generally better suited for short-term, strategic trading rather than a long-term investment horizon.
Frequently Asked Questions
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What is the current ProShares Ultra Platinum K-1 Free ETF (UPLT) stock price?
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ProShares Ultra Platinum K-1 Free ETF(AMEX:UPLT) stock price is $21.454 in the last trading session. During the trading session, UPLT stock reached the peak price of $42.12 while $20.59 was the lowest point it dropped to. The percentage change in UPLT stock occurred in the recent session was 0.09% while the dollar amount for the price change in UPLT stock was $0.02.
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UPLT's industry and sector of operation?
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The AMEX listed UPLT is part of Asset Management - Leveraged industry that operates in the broader Financial Services sector.
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Who are the executives of UPLT?
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How many employees does UPLT have?
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Number of UPLT employees currently stands at None. UPLT operates from 7501 Wisconsin Avenue, Suite 1000E, Bethesda, MD 20814, US.
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Link for UPLT official website?
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Official Website of UPLT is: https://www.proshares.com/our-etfs/leveraged-and-inverse/uplt
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How do I contact UPLT?
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UPLT could be contacted at phone #240-497-6400 and can also be accessed through its website. UPLT operates from 7501 Wisconsin Avenue, Suite 1000E, Bethesda, MD 20814, US.
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How many shares of UPLT are traded daily?
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The average number of UPLT shares traded daily for last 3 months was 626.
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What is the market cap of UPLT currently?
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The market value of UPLT currently stands at $2.29M with its latest stock price at $21.454