ProShares UltraShort Oil & Gas (DUG)
|Ex-Dividend Date||Mar 25, 2020|
|Day's Range||33.15 - 37.55|
|Inception Date||Jan 30, 2007|
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.
|Mar 25, 2020||$0.0289||Apr 1, 2020|
|Dec 24, 2019||$0.05574||Jan 2, 2020|
|Sep 25, 2019||$0.06472||Oct 2, 2019|
|Jun 25, 2019||$0.04914||Jul 2, 2019|
|Mar 20, 2019||$0.0429||Mar 27, 2019|
|Dec 26, 2018||$0.12975||Jan 3, 2019|
Energy prices slumped Monday after weaker Chinese economic data raised demand concerns. Profit from falling oil prices with these two inverse ETFs.
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...