What does ProShares Ultra Oil & Gas do?
ProShares Ultra Oil & Gas (NYSE:DIG) is a finance entity engaged in providing leveraged exposure to the oil and gas sector. This company is designed for investors looking to magnify their potential returns on the movements in the oil and gas industry, targeting daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the Dow Jones U.S. Oil & Gas Index. Its operations are primarily focused on delivering sophisticated financial instruments, allowing investors to gain amplified exposure to the fluctuating world of oil and gas. ProShares Ultra Oil & Gas aims to offer these investment solutions to a wide array of investors, ranging from individuals seeking aggressive investment exposure to professionals looking for hedging strategies in their portfolios. Its main objective is to consistently meet the leveraged daily performance goals, ensuring that investors have access to a high-potential area of the market through a vehicle managed by experienced professionals in leveraged and inverse ETFs.