ProShares Trust II is a Delaware statutory trust. Co. is organized into separate series (each, a Fund and collectively, the Funds). ProShare Capital Management LLC, serves as Co.'s Sponsor, commodity pool operator and commodity trading advisor. Each of the Funds generally invests or will invest in Financial Instruments (instruments whose value is derived from the value of an underlying asset, rate or index, including futures contracts, swap agreements, forward contracts and other instruments) as a substitute for investing directly in commodities, currencies or spot volatility products. We show 10 historical shares outstanding datapoints in our YCS shares outstanding history coverage, used to compute YCS market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing YCS market cap history over the course of time is important for investors
interested in comparing YCS'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 YCS versus a peer is one thing; comparing
YCS 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 YCS can fluctuate over the course of history.
With this page we aim to empower investors researching YCS by allowing them to research the YCS market cap history. |
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Video: The Importance of Market Cap
