ProShares Ultra Russell2000 (UWM)Trading--Leveraged Equity | Exchange Traded Fund | NYSEArca
57.55 USD
+2.38
(4.314%)
⇧
(April 17, 2026, 4 p.m.
EDT)
After hours: 58.25 +0.70 (1.210%) ⇧ (April 17, 2026, 7:59 p.m. EDT) Short-term: ★★★★★ | Long-term: ★★☆☆☆ | Dividends: ★☆☆☆☆ |
Hot Take | April 19, 2026, 1:17 a.m. EDT
This is a pure beta-notification play for a _20%+ quarterly spike in the Russell 2000. The price action confirms the thesis: the ETF has run from 27 in April 2025 to 57 in April 2026 (100%+ gain). Options mechanics are screaming that smart money expects a violent 30-40% vertical push in the next 3 weeks, as evidenced by the 70-strike call volume. However, holding this is a losing bet; the underlying high P/E (22x for a 2x leveraged instrument), erratic dividend payments (jumping from cents to 20%), and the inherent 'buy high, sell low' nature of leveraged ETFs make this a terrible long-term hold. Buy for the weeks, sell or roll as the underlying asset becomes ripe for a 25% correction. |
| Model | MAE |
|---|---|
| AutoARIMA ✓ | 0.058838 |
| AutoETS | 0.058839 |
| MSTL | 0.065165 |
| AutoTheta | 0.095192 |
Forecast horizon: 45 days | Selected: AutoARIMA
| Forecast Reliability | |
|---|---|
| Score | 42% |
| H-stat | 20.55 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.222 |
| Excess Kurtosis | -1.02 |
| Attribute | Value |
|---|---|
| Trailing P/E | 22.13 |
As of April 19, 2026, 1:17 a.m. EDT: Options flow shows extreme bullish aggression on the short end. The April 17 expiration (less than 3 weeks out) displays massive open interest skew in OTM calls with a 21.6% volume delta at the 70 strike, implying a total directional move of over 30% from current levels within two weeks. Conversely, the near-term OTM put OI is nearly zero (0.95%), indicating a lack of downside protection buying. While ATM IV is suppressed (0.87 for calls, 1.79 for puts), the specific 'New Flow' notes on calls suggest speculators are overpaying for leverage, betting on an immediate 20-30% pop. The discrepancy between low ATM IV and high OTM volume suggests a chance that the SPX volatility might not expand, or that the risk premium is compressed due to the short-dated nature of the bet.
| Last Yield | 1yr Yield | 3yr Avg | 5yr Avg |
|---|---|---|---|
| 0.15% | 1.02% | 0.95% | 0.66% |
| Date | Dividend | Yield % |
|---|---|---|
| 2026-03-25 | 0.07200 | 0.149192 |
| 2025-12-24 | 0.19500 | 0.393508 |
| 2025-09-24 | 0.19900 | 0.431882 |
| 2025-06-25 | 0.01800 | 0.049918 |
| 2025-03-26 | 0.08200 | 0.233411 |
| 2024-12-23 | 0.18300 | 0.439590 |
| 2024-09-25 | 0.13000 | 0.316404 |
| 2024-06-26 | 0.11100 | 0.312579 |
| 2024-03-20 | 0.06100 | 0.159692 |
| 2023-12-20 | 0.11400 | 0.320231 |
| 2023-09-20 | 0.01600 | 0.052709 |
| 2022-12-22 | 0.12600 | 0.418238 |
| 2020-12-23 | 0.00350 | 0.007804 |
| 2020-06-24 | 0.00200 | 0.009095 |
| 2020-03-25 | 0.02400 | 0.162397 |
| 2019-12-24 | 0.07550 | 0.200577 |
| 2019-09-25 | 0.05300 | 0.164286 |
| 2019-06-25 | 0.05800 | 0.184888 |
| 2019-03-20 | 0.02350 | 0.072120 |
| 2018-12-26 | 0.08650 | 0.355590 |
| 2018-09-26 | 0.01500 | 0.037311 |
| 2018-03-21 | 0.00500 | 0.014102 |
| 2017-12-26 | 0.03600 | 0.105378 |
| 2017-03-22 | 0.00175 | 0.006713 |
| 2016-12-21 | 0.03850 | 0.141002 |
| 2016-09-21 | 0.01300 | 0.057970 |
| 2016-06-22 | 0.01475 | 0.077008 |
| 2015-12-22 | 0.02475 | 0.130465 |
| 2015-09-23 | 0.00875 | 0.045768 |
| 2015-06-24 | 0.00725 | 0.029716 |
| 2015-03-25 | 0.00575 | 0.025535 |
| 2014-12-22 | 0.02475 | 0.115744 |
| 2012-03-21 | 0.00275 | 0.026510 |
| 2010-09-21 | 0.00125 | 0.017047 |
| 2010-03-24 | 0.00100 | 0.012443 |
| 2009-09-24 | 0.00325 | 0.051393 |
| 2009-06-24 | 0.00650 | 0.151048 |
| 2009-03-24 | 0.00550 | 0.173565 |
| 2008-12-23 | 0.01050 | 0.248846 |
| 2008-09-24 | 0.01125 | 0.100119 |
| 2008-06-24 | 0.02275 | 0.194087 |
| 2008-03-25 | 0.01700 | 0.144360 |
| 2007-12-20 | 0.23850 | 1.652655 |
| 2007-09-25 | 0.03125 | 0.194513 |
| 2007-06-26 | 0.09225 | 0.535721 |
| Attribute | Value |
|---|---|
| All Time High | 67.26 |
| All Time Low | 2.3 |
| Ask | 57.93 |
| Ask Size | 1,100 |
| Average Daily Volume10 Day | 352,970 |
| Average Daily Volume3 Month | 676,859 |
| Average Volume | 676,859 |
| Average Volume10Days | 352,970 |
| Beta3 Year | 2.65 |
| Bid | 56.91 |
| Bid Size | 300 |
| Category | Trading--Leveraged Equity |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 58.25 |
| Day Low | 56.52 |
| Dividend Yield | 1.04 |
| Eps Trailing Twelve Months | 2.600919 |
| Esg Populated | 0 |
| Exchange | PCX |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 50.5168 |
| Fifty Day Average Change | 7.0331993 |
| Fifty Day Average Change Percent | 0.13922496 |
| Fifty Two Week Change Percent | 110.57446 |
| Fifty Two Week High | 58.25 |
| Fifty Two Week High Change | -0.70000076 |
| Fifty Two Week High Change Percent | -0.01201718 |
| Fifty Two Week Low | 26.8 |
| Fifty Two Week Low Change | 30.75 |
| Fifty Two Week Low Change Percent | 1.1473881 |
| Fifty Two Week Range | 26.8 - 58.25 |
| First Trade Date Milliseconds | 1,169,735,400,000 |
| Five Year Average Return | 0.0056526 |
| Full Exchange Name | NYSEArca |
| Fund Family | ProShares |
| Fund Inception Date | 1,169,510,400 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Has Pre Post Market Data | 1 |
| Language | en-US |
| Legal Type | Exchange Traded Fund |
| Long Business Summary | The fund invests in financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the Daily Target. The index is designed to measure the performance of the small-cap segment of the U.S. markets. Under normal circumstances, the fund will obtain leveraged exposure to at least 80% of its total assets in components of the index or in instruments with similar economic characteristics. It is non-diversified. |
| Long Name | ProShares Ultra Russell2000 |
| Market | us_market |
| Market State | CLOSED |
| Max Age | 86,400 |
| Message Board Id | finmb_32335950 |
| Nav Price | 57.5084 |
| Net Assets | 216,981,376.0 |
| Net Expense Ratio | 0.95 |
| Open | 56.65 |
| Post Market Change | 0.6963005 |
| Post Market Change Percent | 1.2099054 |
| Post Market Price | 58.2463 |
| Post Market Time | 1,776,470,370 |
| Previous Close | 55.17 |
| Price Hint | 2 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | 2.38 |
| Regular Market Change Percent | 4.31394 |
| Regular Market Day High | 58.25 |
| Regular Market Day Low | 56.52 |
| Regular Market Day Range | 56.52 - 58.25 |
| Regular Market Open | 56.65 |
| Regular Market Previous Close | 55.17 |
| Regular Market Price | 57.55 |
| Regular Market Time | 1,776,456,000 |
| Regular Market Volume | 318,800 |
| Short Name | ProShares Ultra Russell2000 |
| Source Interval | 15 |
| Symbol | UWM |
| Three Year Average Return | 0.2293701 |
| Total Assets | 216,981,376 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing P E | 22.126795 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | -0.66237 |
| Trailing Three Month Returns | -0.66237 |
| Triggerable | 1 |
| Two Hundred Day Average | 47.1564 |
| Two Hundred Day Average Change | 10.3936 |
| Two Hundred Day Average Change Percent | 0.22040701 |
| Type Disp | ETF |
| Volume | 318,800 |
| Yield | 0.0104 |
| Ytd Return | -0.66237 |