| ProShares Ultra Semiconductors ETF (the "Fund") is an open-end management investment company. The Fund seeks daily investment results that correspond to two times (2x) the daily performance of the Dow Jones U.S. Semiconductorssm Index. The index measures the performance of the semiconductor sub-sector of the U.S. equity market. Component companies are engaged in the production of semiconductors and other integrated chips, as well as other related products such as semi-conductor capital equipment and mother-boards. As of May 31 2013, the Fund's total assets were $34,977,352 and the Fund's investment portfolio was valued at $29,879,077. We show 210 historical shares outstanding datapoints in our USD shares outstanding history coverage, used to compute USD market cap on those dates.|
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing USD market cap history over the course of time is important for investors
interested in comparing USD'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 USD versus a peer is one thing; comparing
USD 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 USD can fluctuate over the course of history.
With this page we aim to empower investors researching USD by allowing them to research the USD market cap history.