ProShares Ultra Consumer Goods ETF (the "Fund") is an open-end management investment company. The Fund seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the Dow Jones U.S. Consumer GoodsSM Index. The fund invests in securities and derivatives that ProShare Advisors believes, in combination, should have similar daily return characteristics as two times (2x) the daily return of the index. The index measures the performance of consumer spending in the goods sector of the U.S. equity market. As of May 31 2013, the Fund's total assets were $19,572,790 and the Fund's investment portfolio was valued at $17,070,427. We show 124 historical shares outstanding datapoints in our UGE shares outstanding history coverage, used to compute UGE market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing UGE market cap history over the course of time is important for investors
interested in comparing UGE's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of UGE versus a peer is one thing; comparing
UGE market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like UGE can fluctuate over the course of history.
With this page we aim to empower investors researching UGE by allowing them to research the UGE market cap history. |
Free UGE Email Alerts:
Video: The Importance of Market Cap
