Tencent Music Entertainment Group - ADR vs ProShares Ultra Semiconductors — how do they compare? Tencent Music Entertainment Group - ADR trades at $9.16 (market cap $15.08B), while ProShares Ultra Semiconductors trades at $90.13. The key difference: Tencent Music Entertainment Group - ADR pays a 2.62% dividend while ProShares Ultra Semiconductors pays none, and ProShares Ultra Semiconductors is trading nearer its 52-week high, Tencent Music Entertainment Group - ADR nearer its low. Which is the better fit depends on your goals.
| TME | USD | |
|---|---|---|
Market Cap | $15.08B | — |
Sector | Media | Leveraged / Inverse |
52-Week High | $26.36 | $113.53 |
52-Week Low | $8.16 | $39.58 |
Enterprise Value | $11.85B | — |
Dividend Yield | 2.62% | — |
Trailing returns across standard periods
TME is the largest online music service provider in China. It was founded in 2016 with the business combination of QQ Music (founded in 2005), Kuwo Music (founded in 2005) and Kugou Music (founded in 2004) streaming platforms. Tencent is the largest shareholder of TME with over 50% shares and over 90% voting rights held. TME also provides social entertainment services, including music live audio/video broadcasts and online concert services through the three platforms mentioned above, and online karaoke through an independent platform WeSing.
Read more on TME →USD is a leveraged ETF that seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the Dow Jones U.S. Semiconductors™ Index. It is a tactical instrument designed for sophisticated traders looking to magnify short-term bullish views on the U.S. semiconductor industry, specifically focusing on large-cap leaders in the chip and equipment space.
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