Latest news with #ProShares
Yahoo
2 days ago
- Business
- Yahoo
4 ETF Areas to Win Amid Slowing Retail Sales in May
Consumer spending declined notably in May. Retail sales fell by 0.9%, exceeding the expected 0.6% drop projected by Dow Jones economists, as quoted on CNBC. This decline follows a modest 0.1% dip in April and came amid heightened uncertainty regarding economic conditions and trade tensions. When excluding auto sales, retail figures still disappointed with a 0.3% decline, compared to the anticipated 0.1% increase. However, a more focused measure, which strips out volatile categories like autos, gas, and building materials, showed a 0.4% gain. This metric is closely watched by economists because it feeds into GDP calculations. Spending peaked in March as consumers rushed to make purchases ahead of anticipated tariff enactments from President Donald Trump's April 'liberation day' announcement. But by May, shoppers grew cautious, especially with big-ticket items. Below we highlight a few areas and the related ETFs & stocks that may benefit handsomely from the retail sales. Nonstore retailers (e.g., online sales) saw a 0.9% sequential increase and 8.3% yearly gain. ProShares Online Retail ETF ONLN –The ProShares Online Retail Index is a specialized retail index that tracks retailers principally selling online or through other non-store channels. The fund charges 58 bps in fees. AMZN – is one of the largest e-commerce providers, with sprawling operations in North America, now spreading across the globe. The fund has a Zacks Rank #3 (Hold). Sales gained 0.8% sequentially in May and 3.7% year over year. SPDR S&P Retail ETF XRT – The fund gives exposure to US retail stocks. Apparel retail takes about 21% of the fund. The fund charges 35 bps in fees. Urban Outfitters URBN – The Zacks Rank #1 company is a lifestyle specialty retailer that offers fashion apparel and accessories, footwear, home décor and gifts products. Sales for Miscellaneous Store Retailers rose 2.9% sequentially and 7.5% year over year. VanEck Retail ETF RTH – The underlying MVIS US Listed Retail 25 Index tracks the overall performance of companies involved in retail distribution, wholesalers, on-line, direct mail and TV retailers, multi-line retailers, specialty retailers and food and other staples retailers. The fund charges 35 bps in fees. Five Below FIVE – The Zacks Rank #2 company is a specialty value chain retailer that provides a wide range of premium quality and trendy merchandise for $5 or below. The company mainly targets teenagers or pre-teen shoppers for its products which include certain brands and licensed merchandise. Sales for Furniture & Home Furnishing Stores increased 1.2% sequentially and 8.8% year over year. iShares U.S. Consumer Focused ETF IEDI – The fund gives exposure to U.S. companies with a focus on U.S. consumer spending and consumer goods. The fund charges 18 bps in fees. Home Depot HD – The Zacks Rank #3 company is the world's largest home improvement specialty retailer. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Inc. (AMZN) : Free Stock Analysis Report The Home Depot, Inc. (HD) : Free Stock Analysis Report Urban Outfitters, Inc. (URBN) : Free Stock Analysis Report Five Below, Inc. (FIVE) : Free Stock Analysis Report SPDR S&P Retail ETF (XRT): ETF Research Reports VanEck Retail ETF (RTH): ETF Research Reports iShares U.S. Consumer Focused ETF (IEDI): ETF Research Reports ProShares Online Retail ETF (ONLN): ETF Research Reports This article originally published on Zacks Investment Research ( Zacks Investment Research
Business Wire
12-06-2025
- Business
- Business Wire
ProShares Launches First ETFs to Target 2x and -2x Daily Returns of Nasdaq-100 Mega Index
BETHESDA, Md.--(BUSINESS WIRE)--ProShares, a premier provider of ETFs, today announced the expansion of its industry-leading lineup of leveraged and inverse products with the launch of ProShares Ultra Top QQQ (QQUP) and ProShares UltraShort Top QQQ (QQDN). 'With the launch of QQUP and QQDN, investors can now access leveraged or short exposure to the largest Nasdaq-100 companies—all with the ease and convenience of a single ETF trade.' Both ETFs are the first of their kind: QQUP targets 2x daily returns of the Nasdaq-100 Mega Index, while QQDN targets -2x daily returns of the same index. The Nasdaq-100 Mega Index captures the performance of a concentrated group of the largest Nasdaq-100 companies, currently consisting of Alphabet, Apple, Broadcom, Meta Platforms, Microsoft, NVIDIA and Tesla. 1 Collectively, this group represents approximately 45% of the tech-heavy Nasdaq-100. 2 'Technology has created a world of accelerating change, reshaping the investing landscape before our eyes,' said ProShares CEO Michael L. Sapir. 'With the launch of QQUP and QQDN, investors can now access leveraged or short exposure to the largest Nasdaq-100 companies—all with the ease and convenience of a single ETF trade.' QQUP and QQDN are the latest additions to ProShares' extensive range of ETFs that are exclusively indexed to the Nasdaq-100 and related indexes, which also includes ProShares UltraPro QQQ (TQQQ), the world's largest leveraged ETF. 3 ProShares is the world's largest provider of leveraged and inverse ETFs overall, a category that the company pioneered nearly two decades ago. 4 About ProShares ProShares has been at the forefront of the ETF revolution since 2006. ProShares manages over $80 billion in assets and offers one of the largest lineups of ETFs. The company is a leader in strategies such as crypto-linked, dividend growth, interest rate hedged bond and geared (leveraged and inverse) ETF investing. ProShares continues to innovate with products that provide strategic and tactical opportunities for investors to manage risk and enhance returns. 1 As of May 31, 2025. Index holdings are subject to change. See full fund holdings for QQUP and QQDN. 2 The Nasdaq-100 Mega Index is designed to target the performance of approximately the top 45% cumulative weight of the Nasdaq-100 Index. 3 Source: Bloomberg, as of May 31, 2025 4 Source: Morningstar, as of May 31, 2025 Geared ProShares ETFs seek daily investment results that correspond, before fees and expenses, to a multiple of (e.g., 2x or –2x) the daily performance of its underlying benchmark (the 'Daily Target'). While the Fund has a daily investment objective, you may hold Fund shares for longer than one day if you believe it is consistent with your goals and risk tolerance. For any holding period other than a day, your return may be higher or lower than the Daily Target. These differences may be significant. Smaller index gains/losses and higher index volatility contribute to returns worse than the Daily Target. Larger index gains/losses and lower index volatility contribute to returns better than the Daily Target. The more extreme these factors are, the more they occur together, and the longer your holding period while these factors apply, the more your return will tend to deviate. Investors should consider periodically monitoring their geared fund investments in light of their goals and risk tolerance. Investing involves risk, including the possible loss of principal. ProShares ETFs are generally non-diversified and entail certain risks, including risk associated with the use of derivatives (swap agreements, futures contracts and similar instruments), imperfect benchmark correlation, leverage and market price variance, all of which can increase volatility and decrease performance. Short ProShares ETFs should lose money when their benchmarks rise. Each fund may concentrate its investments in certain sectors. Narrowly focused investments typically exhibit higher volatility. Technology companies may experience intense competition, obsolescence of existing technology, changing economic conditions, and government regulation. Investors could potentially lose the full value of their investment within a single day. Please see the summary and full prospectuses for a more complete description of risks. There is no guarantee any ProShares ETF will achieve its investment objective. Shares of any ETF are generally bought and sold at market price (not NAV) and are not individually redeemed from the fund. Your brokerage commissions will reduce returns. 'QQQ®,' 'Nasdaq-100 Index®,' 'Nasdaq-100®' and 'Nasdaq-100 Mega Index' are registered trademarks of The Nasdaq OMX Group Inc. and have been licensed for use by ProShares. This ETF is not sponsored, endorsed, sold or promoted by The Nasdaq OMX Group Inc. and The Nasdaq OMX Group Inc. makes no representation regarding the advisability of investing in this ETF. THE Nasdaq OMX GROUP INC. MAKES NO WARRANTIES AND BEARS NO LIABILITY WITH RESPECT TO THE ETFs. prospectuses. Read them carefully before investing. ProShares are distributed by SEI Investments Distribution Co., which is not affiliated with the funds' advisor or sponsor.
Yahoo
11-06-2025
- Business
- Yahoo
Circle's impressive IPO debut fuels ETF mania on Wall Street
Circle's impressive IPO debut fuels ETF mania on Wall Street originally appeared on TheStreet. Three issuers have rushed to file for exchange-traded funds (ETFs) tied to the Circle Internet Group (NYSE: CRCL) barely within a week of the crypto firm making its spectacular debut on the New York Stock Exchange (NYSE). The ProShares Ultra CRCL ETF offers investors twice leveraged exposure to the daily performance of the CRCL stock. It means the ETF should gain approximately two times as much as CRCL gains when the stock rises on a given day. The Bitwise CRCL Option Income Strategy ETF leverages a covered call strategy. It means an investor can keep selling call options against the CRCL shares being held. The T-REX 2x Long CRCL Daily Target ETF, similar to the ProShares fund, aims to offer twice leveraged exposure to the CRCL stock's performance. While ProShares and Bitwise submitted their filings on June 6, T-Rex submitted it on June 10. The ETF filings are counting on the impressive performance of the newly debuted CRCL stock, in addition to the success of crypto ETFs — in particular, Bitcoin ETFs launched back in January 2024. Circle's CRCL stock debuted on the NYSE on June 5 when it opened at $69, more than 124% higher than the IPO price of $31. The CRCL stock hit a record high of $138.57 on 9 June as the news of ETF filings flew in. However, the stock closed at $107.10 on 10 June, a 7% drop in a day. Circle is the company behind USDC, a stablecoin that is a type of cryptocurrency that is created to maintain a stable value, unlike traditionally volatile cryptocurrencies such as Bitcoin. As per DeFiLlama, the stablecoin market is worth $250 billion, and USDC — the second-largest stablecoin — accounts for nearly 25% market share. Circle's impressive IPO debut fuels ETF mania on Wall Street first appeared on TheStreet on Jun 10, 2025 This story was originally reported by TheStreet on Jun 10, 2025, where it first appeared. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
03-06-2025
- Business
- Business Wire
ProShares' High Income ETFs Surpass $1 Billion in Assets
BETHESDA, Md.--(BUSINESS WIRE)--ProShares, a premier provider of exchange-traded funds (ETFs), today announced that its suite of High Income ETFs has surpassed $1 billion in assets under management. 1 This milestone underscores growing investor demand for the company's differentiated income solutions. ProShares' High Income ETF lineup includes the S&P 500 High Income ETF (ISPY), Nasdaq-100 High Income ETF (IQQQ), and Russell 2000 High Income ETF (ITWO). Each fund's strategy utilizes daily call options—an innovation that ProShares pioneered with the launch of ISPY in December 2023. As a result, the products are designed to generate high income potential in the short term while offering equity upside over the long term. 'Investors looking to generate income from their portfolios often face a difficult trade-off: sacrificing upside for higher yields,' said Mo Haghbin, Managing Director and Head of Strategic ETFs at ProShares. 'Our High Income ETFs represent a compelling solution, allowing investors to pursue both their income and growth objectives.' Traditional covered call ETFs have largely focused on income generation at the expense of total return. ProShares' first-to-market approach changes that equation. As industry-wide assets in covered call ETFs exceed $100 billion, ProShares continues to lead in delivering novel solutions to the challenges commonly faced by investors. 'We appreciate the confidence that clients have placed in our strategies, helping us reach this important milestone,' added Mr. Haghbin. 'We remain committed to innovation and to providing investors with products built to meet their evolving needs.' About ProShares ProShares has been at the forefront of the ETF revolution since 2006. ProShares manages over $80 billion in assets and offers one of the largest lineups of ETFs. The company is a leader in strategies such as crypto-linked, dividend growth, high income, interest rate hedged bond, and geared (leveraged and inverse) ETF investing. ProShares continues to innovate with products that provide strategic and tactical opportunities for investors to manage risk and enhance returns. 1 ProShares first surpassed $1bn in assets in its High Income ETF suite on May 29, 2025. The Funds seek to replicate a daily covered call strategy by investing in equity securities and derivatives. The Funds do not sell (write) call options. This is not intended to be investment advice. Investing involves risk, including the possible loss of principal. These ProShares ETFs are non-diversified and entail certain risks, including risks associated with the use of derivatives (swap agreements, futures contracts and similar instruments), investments in smaller companies, imperfect benchmark correlation, and market price variance, all of which can increase volatility and decrease performance. Please see summary and full prospectuses for a more complete description of risks on There is no guarantee any ProShares ETF will achieve its investment objective. The performance of the Funds may not correspond to the performance of their respective indexes, the Funds may not be successful in generating income for investors, and the Funds may not capture returns that traditional covered call strategies may sacrifice. The S&P 500 Daily Covered Call Index replicates the performance of a covered call investment strategy that combines a long position in the S&P 500 Index with a short position in S&P 500 Index call options. The Nasdaq-100 ® Daily Covered Call Index replicates the performance of a covered call investment strategy that combines a long position in the Nasdaq-100 Index with a short position in Nasdaq-100 ® Index call options. The Cboe Russell 2000 Daily Covered Call Index replicates the performance of a covered call investment strategy that combines a long position in the Russell 2000 Index with a short position in Russell 2000 Index call options. In particular, each index is designed to replicate a daily covered call strategy that sells call options with one day to expiration each day. Each Fund intends to make distributions each month of an amount that reflects the dividends and call premium income earned by a daily covered call strategy on its index (net of expenses). There can be no guarantee that the Funds will make distributions, and the amount of such distributions, if any, may vary significantly from month to month. On 19a-1 notices, each Fund discloses the accounting source of each distribution, either net investment income or accounting return of capital. The accounting source of the distribution does not impact whether the distribution is considered to be taxable income or a tax return of capital for income tax purposes. Shares of any ETF are generally bought and sold at market price (not NAV) and are not individually redeemed from the fund. Your brokerage commissions will reduce returns. Carefully consider the investment objectives, risks, charges and expenses of ProShares before investing. This and other information can be found in their summary and full prospectuses at The S&P 500 Daily Covered Call Index is a product of S&P Dow Jones Indices LLC and its affiliates and has been licensed for use by ProShares. "S&P ®" is a registered trademark of Standard & Poor's Financial Services LLC ("S&P") and "Dow Jones ®" is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones") and have been licensed for use by S&P Dow Jones Indices LLC and its affiliates. ProShares have not been passed on by S&P Dow Jones Indices LLC and its affiliates as to their legality or suitability. ProShares based on the S&P 500 Daily Covered Call Index are not sponsored, endorsed, sold or promoted by S&P Dow Jones Indices LLC, Dow Jones, S&P or their respective affiliates, and they make no representation regarding the advisability of investing in ProShares. THESE ENTITIES AND THEIR AFFILIATES MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO PROSHARES. Nasdaq ®, Nasdaq-100 Index ®, Nasdaq-100 ®, NDX ®, Nasdaq-100 Daily Covered Call™ Index, NDXDCC™, Nasdaq-100 Daily Covered Call Option™ Index, NDXDCCOV™, Nasdaq-100 Daily Covered Call Income™ Index, NDXDCCI™, are registered trademarks of Nasdaq, Inc. (which with its affiliates and third party licensors is referred to as the 'Corporations') and are licensed for use by ProShare Advisors LLC. The Product(s) have not been passed on by the Corporations as to their legality or suitability. The Product(s) are not issued, endorsed, sold, or promoted by the Corporations. THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO THE PRODUCT(S). London Stock Exchange Group plc and its group undertakings (collectively, the 'LSE Group'). ©LSE Group 2024. FTSE Russell is a trading name of certain of the LSE Group companies. The 'Cboe Russell 2000 Daily Covered Call Index', and 'Russell ® ' are trademarks of the relevant LSE Group companies and are used by any other LSE Group company under license. All rights in the FTSE Russell indexes or data vest in the relevant LSE Group company which owns the index or the data. Neither LSE Group nor its licensors accept any liability for any errors or omissions in the indexes or data and no party may rely on any indexes or data contained in this communication. No further distribution of data from the LSE Group is permitted without the relevant LSE Group company's express written consent. The LSE Group does not promote, sponsor or endorse the content of this communication. ProShares are distributed by SEI Investments Distribution Co., which is not affiliated with the funds' advisor or sponsor.
Yahoo
27-05-2025
- Business
- Yahoo
Consumer confidence rises but is 'trending lower,' economist says
Consumer confidence unexpectedly jumped to 98 in May, well above forecasts of 87.1, the Conference Board reports. Eric Winograd, AllianceBernstein chief economist, joins Catalysts host Julie Hyman and ProShares global investment strategist Simeon Hyman to explain how this surprise reading contrasts with weaker trends in other surveys. To watch more expert insights and analysis on the latest market action, check out more Catalysts here. Sign in to access your portfolio
