Ending Quarter as of 12/31/08Premium / Discount Analysis
Closing Price above or equal to NAV
Closing Price below NAV
Basis Point Differential
No. of Days
Percent of Total Days
No. of Days
Percent of Total Days
0-24.9
0
0.00%
0
0.00%
25-49.9
0
0.00%
1
5.00%
50-74.9
1
5.00%
0
0.00%
75-100
2
10.00%
0
0.00%
> 100
11
55.00%
5
25.00%
Total
14
70.00%
6
30.00%
The above chart displays the difference between the daily closing market price and net asset value for ProShares. The vertical axis of the chart shows the premium / discount expressed as a % of NAV. The horizontal axis represents the number of trading days in the period.
During market hours, investors may choose to compare an ETF’s current market price to its intraday value (IOPV,IIV) to assess any premium/discount. Learn how to obtain intraday values.
Definitions of Terms
Net Asset Value (NAV): The price per share at which ProShares issues and redeems shares. It is calculated in a manner consistent with other mutual funds (normally 4:00 p.m. ET) every day Amex® is open.
Current Market Price: Price at which an investor can buy or sell and ETF during the trading day.
Intraday Value: An ETF’s intraday value (also abbreviated as IOPV or IIV) is an estimated fair value of its holdings based on the most recent prices of its underlying securities. It should closely approximate the net asset value (NAV) of an ETF throughout the trading day.
closing price (last trade): The final price of a security at which a trade was made on the stock exchange.
discount: The amount the ProShares is trading below the reported NAV, expressed as a % of NAV.
premium: The amount the ProShares is trading above the reported NAV, expressed as a % of NAV.
Quote data provided by ComStock, a division of Interactive Data Corp, and subject to terms of use.
ProShares registered under the Investment Company Act of 1940 are distributed by SEI Investments Distribution Co., which is not affiliated with ProFunds Group or its affiliates.
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