ProShares Ultra NVDA

ProShares Ultra NVDA is an exchange-traded fund (ETF) designed to deliver twice the daily return of NVIDIA Corporation, a global leader in artificial intelligence computing and advanced graphics technology. By targeting 2x the daily performance of NVIDIA's common stock, this leveraged ETF allows market participants to gain amplified exposure to one of the most influential companies in the information technology sector, using less capital than direct share ownership. ProShares Ultra NVDA achieves its leverage through the use of financial derivatives such as swaps, with its portfolio primarily consisting of swap contracts tied to the daily movements of NVIDIA's share price. The fund recalibrates its leverage daily to maintain the targeted 2x exposure, making it a specialized tool for tactical trading, short-term positioning, or managing exposure to rapid shifts in the AI and semiconductor markets. ProShares, the fund’s sponsor, is recognized for its wide array of geared ETFs and commitment to strategies that enable flexible market access, risk management, and return enhancement.