13-May-2026
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ProShares Launches First ETFs Targeting 2x Daily Returns of Platinum and Palladium
Business Wire (Tue, 21-Apr 8:30 AM ET)
ProShares Ultra Copper K-1 Free ETF seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the price of copper. The Fund invests in financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the Daily Target. In this manner, the Fund seeks daily returns that correspond to two times (2x) the price of copper. The Fund invests in financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the Daily Target. In this manner, the Fund seeks daily returns that correspond to two times (2x) the price of copper. Under normal circumstances, the Fund will invest at least 80% of the Fund's assets in, or provide exposure to, financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the Daily Target. The Fund will invest principally in the financial instruments are: Derivatives, Swap Agreements, Money Market Instruments , U.S. Treasury Bills, Repurchase Agreements, Money Market ETF.
ProShares Ultra Copper K-1 Free ETF trades on the ARCA stock market under the symbol UCOP.
As of May 13, 2026, UCOP stock price declined to $46.53 with 5,021 million shares trading.
UCOP has a market cap of $7.91 million. This is considered a Sub-Micro Cap stock.
UCOP support price is $44.76 and resistance is $49.19 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that UCOP shares will trade within this expected range on the day.