ProShares Ultra Platinum K-1 Free ETF (UPLT)

The ProShares Ultra Platinum K-1 Free ETF is a leveraged commodity fund from ProShares. It seeks daily investment results equal to two times (200%) the daily performance of a platinum benchmark.

The fund gains its exposure through platinum-linked derivatives such as futures, and it is structured so that shareholders receive a Form 1099 rather than a Schedule K-1. The 2x objective applies to a single day only, and daily rebalancing plus derivative roll effects can cause longer-term results to differ substantially from twice the change in platinum prices.

The fund is designed for short-term traders seeking amplified bullish exposure to platinum.