ProShares Ultra NVDA (NVDB)

The ProShares Ultra NVDA (NVDB) is a leveraged exchange-traded fund from ProShares that seeks daily investment results, before fees and expenses, equal to two times (2x) the daily percentage change in the share price of NVIDIA Corporation (NVDA). It typically obtains this exposure through swap agreements and similar derivatives rather than holding only the stock itself.

Because the fund resets its leverage each trading day, its objective applies to single-day returns only. Over periods longer than one day, compounding can cause the fund's performance to differ significantly from twice the return of the underlying stock.

NVIDIA designs graphics processors, data center accelerators, networking hardware and software platforms such as CUDA that are widely used for artificial intelligence, gaming and professional visualization.