Index: ProShares Ultra Semiconductors (USD)

Precious metals are everywhere, especially in mobile devices.

Local Overview

In 2009 I purchased my first iPhone and every other year after I've purchased a new phone. The circuits inside these devices need to be mined and refined in order to mass produce these devices for the world. That lithium battery... probably mined somewhere in Latin America. Those gold & silver semiconductor lines inside your chipset... maybe Africa? There are global metals inside your phone.

Financials

ProShares Ultra Semiconductors (USD) is an index designed to measure the stock performance of U.S. companies in the semiconductors sub-sector. The top two holdings @TOP are NVDA and AVGO. The PE ratio is 53.16 and a beta of 3.46 which indicates high volatility (beta of 1 signals the stock is inline with the market)


I'm going to keep tracking this, given the holds constitute more than just a NVDA and AVGO. To learn more click here.


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