There can be Two, the Ultra Financials ProShares (UYG)
Submitted by theStockMasters... on Fri, 09/19/2008 - 17:21
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Yes, the XLF is a great play today, but don't forget the Ultra Financials ProShares (AMEX:UYG) already up 24%. Turns out, there can be Two.
The Market is on fire today and it's all thanks to the Financials and U.S. Bailout Plan.
Not only is The SKF is dead, now its the XLF MacLeod.
You can also rejoice in the UYG.
UYG 101
Currently trading around $23.
52-week Range: $14 - $62
Ultra Financials ProShares seeks daily investment results, before fees and expenses, that correspond to twice (200%) the daily performance of the Dow Jones U.S. Financials Index.
Ultra ProShares are the first ETFs designed to double the daily performance of their indexes that underlie the benchmarks (before fees and expenses). Use them to magnify the impact of your investment dollar.
Here is what the UYG is all about:
| Security Description | Weight |
|---|---|
| BANK OF AMERICA CORP COM | 6.89% |
| JPMORGAN CHASE & CO COM | 6.88% |
| WELLS FARGO & CO COM STK | 5.70% |
| CITIGROUP INC COM STK | 4.53% |
| US BANCORP DELAWARE COM | 3.14% |
| GOLDMAN SACHS GROUP INC | 1.92% |
| AMERICAN EXPRESS CO COM | 1.91% |
| PRUDENTIAL FINANCIAL INC | 1.82% |
| BANK OF NEW YORK MELLON | 1.81% |
| WACHOVIA CORP COM STK | 1.55% |
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