Rhea-AI Summary
ProShares (NYSE:UCOP) launched three new K-1 free geared commodity ETFs on April 21, 2026: ProShares Ultra Platinum K-1 Free ETF (UPLT), ProShares Ultra Palladium K-1 Free ETF (UPAL), and ProShares Ultra Copper K-1 Free ETF (UCOP). UPLT and UPAL are the first ETFs targeting 2x daily returns for platinum and palladium; UCOP targets 2x daily returns for copper. The funds provide Form 1099 tax reporting. ProShares now offers 11 geared commodity ETFs and says it has more than 110 products and over $62 billion in assets across leveraged and inverse strategies.
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FAQ
What is the current stock price of ProShares Ultra Palladium K-1 Free ETF (UPAL)?
ProShares Ultra Palladium K-1 Free ETF (UPAL) last closed at $14.2043.