ProShares Short Oil & Gas (DDG)
|Ex-Dividend Date||Dec 24, 2019|
|Day's Range||10.60 - 10.88|
|Inception Date||Jun 12, 2008|
The fund invests in financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the fund's investment objective. The index is designed to measure the stock performance of U.S. companies in the oil and gas sector. The fund is non-diversified.
|Dec 24, 2019||$0.023||Jan 2, 2020|
|Sep 25, 2019||$0.052385||Oct 2, 2019|
|Jun 25, 2019||$0.064197||Jul 2, 2019|
|Mar 20, 2019||$0.046183999999999996||Mar 27, 2019|
|Dec 26, 2018||$0.034187||Jan 3, 2019|
As oil and gas company stocks rallied on the surge in crude prices, short-sellers have been betting against the energy sector. Exchange traded fund traders can also turn to inverse or bearish strategies...
While oil stocks rallied alongside the broader market on Friday, the energy sector could continue to be depressed on a falling demand outlook.
The oil market could face one of the largest supply overhangs in modern oil market history in April. This indicates that the worst might not be over yet.