Notable companies
The most notable companies in this group are NVIDIA Corp (NASDAQ:NVDA), Microsoft Corp (NASDAQ:MSFT), Apple (NASDAQ:AAPL), Broadcom Inc. (NASDAQ:AVGO), Oracle Corp (NYSE:ORCL), Salesforce (NYSE:CRM), Accenture PLC (NYSE:ACN), Adobe (NASDAQ:ADBE), Advanced Micro Devices (NASDAQ:AMD), Cisco Systems (NASDAQ:CSCO).
Industry description
The investment seeks daily investment results that correspond to two times (2x) the daily performance of the S&P Technology Select Sector Index.
The fund invests in financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the Daily Target. The index includes equity securities of companies from the following GICS industries: IT services; software; communications equipment; technology, hardware, storage & peripherals; electronic equipment, instruments, & components; and semiconductors & semiconductor equipment. The fund is non-diversified.
Market Cap
The average market capitalization across the ProShares Ultra Technology ETF is 227.55B. The market cap for tickers in the group ranges from 6.21B to 3.59T. NVDA holds the highest valuation in this group at 3.59T. The lowest valued company is QRVO at 6.21B.
High and low price notable news
The average weekly price growth across all stocks in the ProShares Ultra Technology ETF was -1%. For the same ETF, the average monthly price growth was 0%, and the average quarterly price growth was 11%. SMCI experienced the highest price growth at 65%, while JNPR experienced the biggest fall at -8%.
Volume
The average weekly volume growth across all stocks in the ProShares Ultra Technology ETF was 31%. For the same stocks of the ETF, the average monthly volume growth was 50% and the average quarterly volume growth was 9%
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Valuation Rating: 60
P/E Growth Rating: 54
Price Growth Rating: 42
SMR Rating: 46
Profit Risk Rating: 34
Seasonality Score: 39 (-100 ... +100)