ProShares UltraPro Dow30 [UDOW] Stock Forecast

Fed raised its benchmark interest rate by 0.25% on Wednesday, leaving room for more hikes this year. Such rising rate environment is a plus for the Dow Jones ETFs.

Dow Jones climbed for nine consecutive sessions, marking the longest winning streak since Sep 20, 2017.

The Dow Jones wrapped up its biggest weekly gain since March, buoyed by better-than-expected results, easing inflation and rising consumer sentiment.

I discuss the reasons why leveraged ETFs drift. A dashboard with 22 of them. The worst decays are in biotechnology and semiconductors ETFs.

The Dow Jones beat the S&P 500 and the Nasdaq Composite in 2022. Can it maintain the momentum in 2023?

After logging in back-to-back monthly gains, the Dow Jones Industrial Average entered into a new bull market, rallying 20% from its September lows.

The Dow Jones Industrial Average wrapped up its best month since 1976, surging about 14% in October.

History shows traders and investors in UDOW have good timing. On a relative basis, they own the greatest number of shares at market bottoms and a smaller number at tops. The number of shares outstanding in UDOW has not increased during this bear market as it has during past bear markets. This could imply the bear market isn't over.

Top Performing Levered/Inverse ETFs Last Week These were last week's top-performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly.

Overall, last week was upbeat for Wall Street with the S&P 500, the Dow Jones, the Nasdaq Composite and the Russell 2000 gaining about decently. The rally was spurred by bets that the new COVID-19 variant Omicron may cause milder illness than previously feared.

ProShares UltraPro Dow30 is a US stock and trading under the symbol UDOW

ProShares UltraPro Dow30 stock price is $66.77 today.

Yes, ProShares UltraPro Dow30 is a publicly traded company.