AMEX
43.22USD
-1.93 (-4.28%)
Dots are scored news catalysts — size = impact, color = sentiment. Tap one to read it.
Market cap
6.8M
P/E
—
EPS
—
Beta
2.22
52W range
36.49-47.68
Day range
43.22–45.41
Open
45.41
Prev close
45.15
Volume
491
Avg volume
3.8K
Dividend
0.05
IPO
2026-04-21
https://247wallst.com/investing/etf/2026/07/25/ucop-a-2x-bet-on-the-metal-the-world-cant-electrify-without/ · 7/25/2026+0.40
UCOP is designed to achieve a daily return that is twice the performance of copper prices, before accounting for fees and operating costs. The fund benchmarks its performance against the United States Copper Index Fund (CPER), an ETF that invests in copper futures. Rather than directly holding physical copper or futures contracts, UCOP primarily uses swap agreements to establish its leveraged exposure. Its K-1 free structure offers a more straightforward tax reporting experience compared to various other commodity funds. Any remaining capital is typically invested in short-duration holdings such as US Treasury bills, repurchase agreements, or money market funds, which serve as collateral. The portfolio undergoes rebalancing daily to maintain approximately 200% exposure. This daily reset means that returns for periods longer than one day can vary substantially from twice the copper's movement, as daily compounding and market fluctuations impact results over time. Therefore, this strategy is generally better suited for short-term, tactical views on copper rather than long-term buy-and-hold allocations.
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