DUG - ProShares UltraShort Oil & Gas
|Ex-Dividend Date||Mar 25, 2020|
|Trading Day||April 19|
|Day's Range||15.41 - 16.02|
|52-Week Range||13.10 - 74.00|
The investment seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the Dow Jones U.S. Oil & GasSM Index. 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 seeks to measure the performance of certain companies in the oil and gas sector of the U.S. equity market. The fund is non-diversified.
|Asset Class |
|Inception Date |
Jan 30, 2007
|Ticker Symbol |
|Index Tracked |
Dow Jones U.S. Oil & Gas Index
Top 10 Holdings297.53% of assets
|Dj U.S. Oil & Gas Index Swap Societe Generale - Cash Offset||603698.SS||61.85%|
|Dj U.S. Oil & Gas Index Swap Ubs Ag - Cash Offset||603698.SS||43.40%|
|Dj U.S. Oil & Gas Index Swap Bank Of America Na - Cash Offset||603698.SS||37.40%|
|Dj U.S. Oil & Gas Index Swap Morgan Stanley & Co. International Plc - Cash||603698.SS||30.04%|
|Dj U.S. Oil & Gas Index Swap Credit Suisse International - Cash Offset||603698.SS||11.63%|
|Ishares U.S. Energy (Iye) Swap Morgan Stanley & Co. International Plc - Cas||603698.SS||7.04%|
|Ishares U.S. Energy (Iye) Swap Bank Of America Na - Cash Offset||603698.SS||6.17%|
|Dj U.S. Oil & Gas Index Swap Goldman Sachs International - Cash Offset||603698.SS||2.32%|
|Dj U.S. Oil & Gas Index Swap Goldman Sachs International||603698.SS||-2.32%|
|Mar 25, 2020||$0.029||Apr 1, 2020|
|Dec 24, 2019||$0.056||Jan 2, 2020|
|Sep 25, 2019||$0.065||Oct 2, 2019|
|Jun 25, 2019||$0.049||Jul 2, 2019|
|Mar 20, 2019||$0.043||Mar 27, 2019|
|Dec 26, 2018||$0.13||Jan 3, 2019|
Last week was extremely volatile for Wall Street with the S&P 500, the Dow Jones and the Nasdaq losing about 2.5%, 1.7% and 4.1%, respectively.
While oil stocks rallied alongside the broader market on Friday, the energy sector could continue to be depressed on a falling demand outlook.
President Donald Trump has warned America to brace for a "very, very painful two weeks" that will continue to raise the appeal for inverse or inverse leveraged ETFs.
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.
The rapidly spreading coronavirus has made investors jittery this week, sending the global market into a tailspin. This has resulted in strong demand for inverse or inverse leveraged ETFs.
Oil prices skidded Wednesday after weak economic data and a surprise build in inventories rattled energy markets.
Amid bearish fundamentals, many investors have turned bearish on the energy sector and are seeking to tap this opportunity. For them, an inverse or leveraged inverse play on energy or oil could be an ex...