Closing notes: The ProShares Ultra Technology Fund closed at $28.50 per share with total daily volume of 604,728 shares traded. The Dow Jones US Technology Index closed at 432.98 up 3.32%.
On a positive note, one of the companies that make up a large percentage of the holdings of the ProShares Ultra Technology Fund- (Apple) had good news coverage today on CNBC.com, which in my opinion pushed the fund's NAV a bit higher.
It will be interesting to see how the fund will trade tomorrow. Remember this is a (2X) leverage fund. It returns twice the daily results of the index; so if you invested $1000 in the fund and the index increased 10% today, you would see a return of $200 today and vice-versa if the index went down 10% you would have a negative return on your investment by $200.
If you are interested in trading this fund or have a question concerning this fund call us for a free no cost consultation at 770-572-2715. Please note: You should seek professional advice before implementing any of the strategies discussed herein, since: (1) The strategies are general in nature and will not apply to every situation; (2) Other opportunities may be better suited to your particular needs; and (3) The rules and regulations are constantly changing.
On a positive note, one of the companies that make up a large percentage of the holdings of the ProShares Ultra Technology Fund- (Apple) had good news coverage today on CNBC.com, which in my opinion pushed the fund's NAV a bit higher.
It will be interesting to see how the fund will trade tomorrow. Remember this is a (2X) leverage fund. It returns twice the daily results of the index; so if you invested $1000 in the fund and the index increased 10% today, you would see a return of $200 today and vice-versa if the index went down 10% you would have a negative return on your investment by $200.
If you are interested in trading this fund or have a question concerning this fund call us for a free no cost consultation at 770-572-2715. Please note: You should seek professional advice before implementing any of the strategies discussed herein, since: (1) The strategies are general in nature and will not apply to every situation; (2) Other opportunities may be better suited to your particular needs; and (3) The rules and regulations are constantly changing.
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