Name of ETF: ProShares UltraShort Oil & Gas
Benchmark Index: Dow Jones U.S. Oil & Gas Index
Ticker Symbol: DUG
Types of Stocks Included in the Index: Large and mid-sized U.S. companies in the oil and gas industry.
Daily Target: -2x
Leveraged-Short ETF: This ETF allows investors to take a leveraged bearish position against the U.S. oil and gas industry. If the Dow Jones U.S. Oil & Gas Index goes down, this ETF is designed to go up twice the amount the index went down. Conversely, if the Dow Jones U.S. Oil & Gas Index goes up, this ETF is designed to go down twice the amount the index went up.
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