Name of ETF: ProShares UltraShort Bloomberg Natural Gas
Benchmark Index: Bloomberg Natural Gas Subindex
Ticker Symbol: KOLD
Daily Target: -2x (inverse daily performance of the benchmark index).
Underlying Commodity Exposure: This ETF allows investors to take a leveraged bearish position against the Bloomberg Natural Gas Subindex. If the Bloomberg Natural Gas Subindex goes down, this ETF is designed to go up two times the amount the index went down. Conversely, if the Bloomberg Natural Gas Subindex goes up, this ETF is designed to go down two times the amount the index went up.
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