KRU’s top holdings include First Republic Bank (NYSE: FRC), Texas Capital Bancshares (NasdaqGM: TCBI) and SVB Financial (NasdaqGM: SIVB).
Highlighting the strength of regional banks this year, KRU has outpaced the Ultra Financials ProShares (NYSEArca: UYG) by over 1,700 basis points. UYG is the double-leveraged answer to the iShares U.S. Financials ETF (NYSEArca: IYF).
KRU debuted in April 2010 and had almost $18 million in assets under management at the end of the third quarter, according to ProShares data.
ProShares Ultra KBW Regional Banking
