Industry Distribution:

• Technology: 28%
• Healthcare: 15%
• Financial Services: 13%

TOP 3 Markets:

• USA: 55%
• Europe: 25%
• Asia: 15%

ProShares UltraPro S&P500 (UPRO) is an exchange-traded fund (ETF) that tracks the S&P 500 Index and aims to achieve three times the daily return of the index through leverage. The revenues of this ETF come from the industries represented in the S&P 500, with technology, healthcare, and financial services accounting for the largest shares.

The U.S. market dominates with a share of 55%, followed by Europe and Asia. This distribution reflects the geographic diversification of the companies included in the S&P 500, which are heavily focused on the U.S. market but also have significant international presence.

ProShares Trust - ProShares UltraPro S&P500 (ARCA:UPRO) is an exchange-traded fund (ETF) and not a company that produces physical products.

ProShares is a provider of ETFs that develops financial products traded in the financial markets. Therefore, there are no production facilities or physical products in the traditional sense. ProShares focuses on managing and structuring financial instruments that provide investors with access to various market strategies.

Leverage Strategy: 3x Daily Return of the S&P 500 Index
Target Audience: Short-term traders and speculative investors

ProShares UltraPro S&P500 (UPRO) pursues a strategy aiming to achieve three times the daily return of the S&P 500 Index. This is accomplished through the use of financial derivatives and leverage. The strategy is primarily designed for short-term traders and speculative investors looking to profit from short-term market movements.

For future growth, UPRO relies on the continuous demand for leveraged investment products that allow investors to disproportionately benefit from market movements. However, the strategy requires active management and regular position adjustments to achieve the desired leverage.

It is important to note that this strategy carries high risk and is not suitable for long-term investments, as daily rebalancing can lead to return erosion, especially in volatile markets.

ProShares Trust - ProShares UltraPro S&P500 (ARCA:UPRO) is an exchange-traded fund (ETF) that tracks the S&P 500 Index with a triple leverage.

Since UPRO is a financial product and not a company that produces or sells physical goods, it does not import any commodities or materials itself. Instead, the fund invests in financial instruments such as stocks, options, and futures to leverage the performance of the S&P 500.

For information on commodities or materials imported by companies in the S&P 500, the respective companies in the index would need to be individually examined. These companies could import a variety of commodities from different countries, depending on their industry and specific business model.

Current Net Asset Value (NAV): $50.23 (2025) Triple leverage on the S&P 500 Index

ProShares UltraPro S&P500 (UPRO) is an exchange-traded fund (ETF) that aims to achieve three times the daily return of the S&P 500 Index. The competitive advantage of this fund lies in its ability to generate a disproportionate return compared to the underlying index through the use of derivatives and leverage.

The main advantage of UPRO lies in its structure, which allows investors to achieve a high exposure to the S&P 500 with a relatively low capital outlay. This can be particularly attractive to short-term traders looking to profit from daily market movements.

However, the competitive advantage also comes with significant risks, especially due to volatility and potential losses in negative market movements. Long-term investors should be aware of the risks, as the daily rebalancing of the fund can lead to a so-called "Volatility Drag" that negatively impacts returns over longer periods.

In summary, UPRO offers a significant competitive advantage for short-term investors leveraging on leverage, while long-term investors need to carefully weigh the risks.

Institutional Investor Share: 75% (estimated, 2025)
Insider Buys/Sells: No significant insider transactions reported (2025)

The institutional investor share in ProShares Trust - ProShares UltraPro S&P500 (ARCA:UPRO) is estimated to be around 75%. This is typical for ETFs, which are often used by institutional investors to leverage the S&P 500.

Regarding insider buys or sells, there are no significant transactions, as ETFs like UPRO typically do not have traditional corporate structures with insiders who could buy or sell stocks. Instead, it is a financial product that tracks the index and is used by institutional investors as a trading instrument.

Market share of ProShares UltraPro S&P500 (UPRO): Estimate: approx. 5% (2025)

Top competitors and their market shares:

1. SPDR S&P 500 ETF Trust (SPY): approx. 30%
2. iShares Core S&P 500 ETF (IVV): approx. 25%
3. Vanguard S&P 500 ETF (VOO): approx. 20%
4. Invesco QQQ Trust (QQQ): approx. 10%
5. ProShares UltraPro S&P500 (UPRO): approx. 5%

Moat Analysis:

ProShares UltraPro S&P500 (UPRO) offers a triple leverage on the S&P 500 Index, which sets it apart from traditional S&P 500 ETFs like SPY, IVV, and VOO. This leverage can be seen as a specific advantage, as it provides risk-seeking investors with the opportunity to achieve disproportionate gains.

However, this leverage is also associated with higher risk, especially in volatile market conditions. The larger competitors like SPY, IVV, and VOO have a significant advantage in the form of lower costs, higher liquidity, and broader acceptance among more conservative investors.

Overall, UPRO has a niche advantage due to its leverage, but the larger ETFs have a stronger moat due to their market position, liquidity, and cost efficiency.

S&P 500 Revenue Growth: 8% (2024, estimated) US Economic Growth: 2.5% (2024, estimated) S&P 500 Volatility: 18% (2024, estimated)

ProShares UltraPro S&P500 (UPRO) is an exchange-traded fund (ETF) that aims to achieve three times the daily return of the S&P 500 Index. This means that UPRO is particularly attractive to investors looking to profit from short-term movements in the S&P 500.

In 2024, the S&P 500 recorded an estimated revenue growth of 8%, indicating a robust economic recovery and strong corporate performance. The US economy also shows solid growth of 2.5%, creating a positive environment for stock investments.

However, the volatility of the S&P 500 at 18% is relatively high, indicating larger market fluctuations. This can mean both opportunities and risks for UPRO investors, as the fund amplifies the index movements.

Investors should carefully assess their risk tolerance, as the leverage of UPRO can amplify both gains and losses. Long-term investors may face increased risk due to the high volatility and leverage.

Dividend payment: No regular dividend (as of 2023)

ProShares UltraPro S&P500 (ARCA:UPRO) is an exchange-traded fund (ETF) that aims to achieve three times the daily return of the S&P 500 Index. Such leveraged ETFs are generally not designed to pay out regular dividends. Instead, they focus on short-term capital gains through leverage.

Since UPRO does not make regular dividend payments, the reliability of the distribution is not relevant. Investors in leveraged ETFs like UPRO should focus more on price movements and leverage rather than dividend yields.