ProShares Ultra Consumer Goods Price & Performance (UGE)

ProShares Ultra Semiconductors ETF dropped 4.46% to $32.78 on Thursday, with technical signals pointing to continued weakness. Forecasts suggest a potential 47% decline over the next three months, reflecting ongoing volatility and limited positive momentum. Investors are advised caution as the ETF remains in a broad downtrend.12

ProShares UltraPro Short QQQ saw its trading volume shrink by 74% on Tuesday, closing at $34.53 after a 2.6% drop. Despite a recent dividend payout, large institutional trades indicate shifting sentiment. The ETF’s yield remains notable, but recent outflows suggest investors are seeking alternative strategies amid market uncertainty.34

Both ProShares Ultra QQQ and Ultra Semiconductors ETFs are showing negative technical signals, with forecasts predicting further declines in the coming weeks. The Ultra QQQ ETF closed at $77.62, down 0.18%, and is expected to fall as much as 32% over the next three months, underscoring persistent sector volatility.15