Bullboard - Stock Discussion Forum ProShares UltraPro S&P500 UPRO

The investment seeks daily investment results, before fees and expenses, that correspond to three times (3x) the daily performance of the S&P 500 Index. The fund invests in financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the funds investment objective. The index is a measure of large-cap U.S. stock market performance. The fund... see more

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ProShares UltraPro S&P500 > Question about these 3X ETFs

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Post by NMachiavelli on Apr 02, 2020 2:12pm

Question about these 3X ETFs

When I look at some historical pricing of the ETF at certain dates when underlying index was 3000 or 1000 etc - would it be safe to assume the ETF price would be similar if indexes go to those same numbers?

For example on Feb 19 when S&P was 3386, this ETF was $80.36.

If the index returns to that number would the ETF behave similary to $80? Not to the penny but at least close?

Thanks!

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