EUO

UltraShort Euro

Investment Objective

ProShares UltraShort Euro seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the price of the euro versus the U.S. dollar.

Performance

Daily Return during Q2 2024

Chart is updated nightly to reflect the more recent of the previous day's market closing price or the closing price on the day the fund was last traded.

Total Return

Fund 1m 3m 6m YTD 1Y 3Y 5Y 10Y Since Inception Inception Date
EUO Market Price -2.84% 0.46% 3.21% 5.80% 2.12% 10.98% 3.35% 5.99% 1.36% 11/24/2008
EUO NAV -2.79% 0.59% 3.40% 5.92% 2.31% 11.07% 3.37% 6.00% 1.37% 11/24/2008

The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Shares are bought and sold at market price (not NAV) and are not individually redeemed from the fund. Market price returns are based upon the midpoint of the bid/ask spread at 4:00 p.m. ET (when NAV is normally determined for most funds) and do not represent the returns you would receive if you traded shares at other times. Your brokerage commissions will reduce returns. Current performance may be lower or higher than the performance quoted. For standardized returns and performance data current to the most recent month end, see above.

About the Fund

Snapshot
  • Ticker
    EUO
  • Intraday Ticker
    EUO.IV
  • CUSIP
    74347W882
  • Inception Date
    11/26/08
  • Gross Expense Ratio
  • Net Expense Ratio
    0.95%
  • NAV Calculation Time
    4:00 p.m. ET
Price
as of 6/14/2024
  • NAV
    $31.79
  • NAV Change
    $+0.22 up caret
  • Market Price
    $31.79
  • Market Price Change
    $+0.22 up caret
  • Trading Volume (M)
    45,343
  • 30-Day Median Bid Ask Spread
    0.03%
  • View Premium / Discount
Snapshot
  • Ticker
    EUO
  • Intraday Ticker
    EUO.IV
  • CUSIP
    74347W882
  • Inception Date
    11/26/08
  • Expense Ratio
    0.95%
  • Gross Expense Ratio
  • NAV Calculation Time
    4:00 p.m. ET
Price
as of 6/14/2024
  • NAV
    $31.79
  • NAV Change
    $+0.22 up caret
  • Market Price
    $31.79
  • Market Price Change
    $+0.22 up caret
  • Trading Volume (M)
    45,343
  • 30-Day Median Bid Ask Spread
    0.03%
  • View Premium / Discount

Holdings

as of 6/14/2024

Exposure Weight Ticker Description Exposure Value
(Notional + GL)
Market Value Shares/Contracts SEDOL Number
-- -- NET OTHER ASSETS / CASH -- $38,169,118.58 38,169,119 --
-92.65% -- EURO/US DOLLAR FORWARD - UBS -35,362,811 -- -32,993,199 --
-107.30% -- EURO/US DOLLAR FORWARD - GOLDMAN SACHS -40,956,715 -- -38,212,263 --

Index

About the Index

The euro benchmark is the 4:00 p.m. ET euro in U.S. dollar terms (EUR/USD cross rate) as published by Bloomberg.

Distributions

Portfolio Hedging Series

Part I: The Significance of Portfolio Hedging

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Get the latest perspectives and updates.

For the total return table above, since inception returns are cumulative for funds less than one year old; otherwise, returns are annualized. Market returns are based on the composite closing price and do not represent the returns you would receive if you traded shares at other times. The listing date is typically one or more days after the fund inception date. Therefore, NAV is used to calculate market returns prior to the listing date.

The expense ratio for certain funds includes a contractual fee waiver that results in a lower net expense ratio for some or all periods shown. For information about this ETF’s fees, please see above.

Expense ratio does not include brokerage commissions and related fees paid by the fund.

Holdings are subject to change. ProShares may invest in financial instruments (including derivatives) that, in combination, should have daily price return characteristics similar to the fund's benchmark.

This fund is not an investment company regulated under the Investment Company Act of 1940 and is not afforded its protections. Please read the prospectus carefully before investing.

This ProShares ETF seeks daily investment results that correspond, before fees and expenses, to -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.

The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Shares are bought and sold at market price (not NAV) and are not individually redeemed from the fund. Market price returns are based upon the midpoint of the bid/ask spread at 4:00 p.m. ET (when NAV is normally determined for most funds) and do not represent the returns you would receive if you traded shares at other times. Your brokerage commissions will reduce returns. Current performance may be lower or higher than the performance quoted. For standardized returns and performance data current to the most recent month end, see above.

There is no guarantee that capital gain distributions will not be made in the future. There is no guarantee that dividends or interest income will be paid.

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.

Investing involves risk, including the possible loss of principal. Short ProShares ETFs are 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. Please see their summary and full prospectuses for a more complete description of risks.

This fund generates a K-1 tax form.

Certain derivative instruments will subject the fund to counterparty risk and credit risk, which could result in significant losses for the fund.

There are additional risks due to debt levels in the underlying countries, inflation and interest rates, investment activity, global political and economic concerns, sovereign action to set or restrict currency conversion, monetary policies of central banks within the U.S. and non-U.S. markets, overall growth and performance of the economies of the relevant countries, and potential liquidity and/or pricing effects of European markets being closed on a day when U.S. markets are open.

ProShares Trust II is a commodity pool as defined in the Commodity Exchange Act and the applicable regulations of the CFTC. ProShare Capital Management LLC is the Trust Sponsor and commodity pool operator (CPO). The Sponsor is registered as a CPO with the CFTC, and is a member of the NFA. Neither this ETF nor ProShares Trust II is an investment company regulated under the Investment Company Act of 1940 and neither is afforded its protections.

Investing in ETFs involves a substantial risk of loss.

This information must be accompanied or preceded by a current ProShares Trust II prospectus.

Quote data provided by Interactive Data - Real Time Services, Inc. and subject to terms of use.

ProShares are distributed by SEI Investments Distribution Co., which is not affiliated with the funds’ advisor or sponsor.

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