QUOTE AND NEWS
Forbes  Jun 1  Comment 
In trading on Friday, shares of the Proshares Ultra Oil & Gas ETF (AMEX: DIG) entered into oversold territory, changing hands as low as $35.18 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical...
FX Street  Mar 10  Comment 
The Ultra Oil & Gas ProShares ETF (NYSE: DIG) popped above key Feb-Mar resistance at 34.40/50... For more information, read our latest forex news and reports.
Gold Stocks Today  Mar 9  Comment 
The Ultra Oil & Gas ProShares ETF (NYSE: DIG) popped above key Feb-Mar resistance at 34.40/50 to a recovery high at 35.05, after which it revisited the breakout level into this morning’s low at 34.25. This morning’s upside pivot reversal...
Marketwire  Dec 2  Comment 
NEW YORK, NY -- (Marketwire) -- 12/02/09 -- Bernstein Liebhard LLP has filed cases (the "Complaints") against ProShares Trust ("ProShares") concerning ProShares' SRS, SKF, UYG, DUG, and DXD funds (the "Funds"). These complaints allege that ProShares,
FX Street  Aug 31  Comment 
The hourly candlestick chart of the ProShares Ultra Long Oil & Gas ETF (NYSE: DIG) shows the August rally period, which exhibits bullish form from the August 17 pivot low at 26.43 to the August 25 high at 31.60. After that rally, let’s notice...
Bloomberg  Jul 27  Comment 
(Update1) UBS AG’s U.S. brokerage business stopped selling exchange-traded funds that use leverage because the products don’t conform to its emphasis on long-term investing.




 

The Proshares Ultra Oil and Gas (DIG)

Profile:

Proshares Ultra Oil and Gas (DIG) is an Exchange Traded Fund (ETF) that seeks to mimic the daily investment results, before fees and expenses, corresponding to twice the daily performance of the Dow Jones US Oil and Gas Index. In other words, if this underlying index declines by 1% for the day, the NAV of DIG will more or less decline by 2%, before fees and expenses. In the same manner, if this underlying index rises by 1% for the day, the NAV of DIG rises by 2% as well.

Inception Date: 01/30/07

Fund Information

  • Fund Manager - ProShares ETFs
  • Inception Date - 01/30/2007
  • Exchange – NYSE Arca
  • Index Ticker – DIG
  • Intra-day NAV Ticker – DIG.IV
  • Expense Ratio - 0.95%

Investment Strategy:

The principal investment strategies of this fund include:

  • investing in equity securities and financial instruments (including derivatives) that the fund managers believe will produce twice the daily return of the Dow Jones US Oil and Gas Index.
  • committing at least 80% of its net assets to equity securities or financial instruments that have similar economic characteristics contained in the Index.
  • employing leveraged investment techniques or sampling techniques in seeking its investment objective.
  • assets not invested in equity securities or financial instruments are invested in debt securities or money market instruments.
  • concentrating its investments in a particular industry to approximately the same extent as the Index

Annual Fund Operating Expenses

Investment Advisory Fee: 0.75%
Distribution and Service (12b-1) Fee: 0.00%
Other Expenses: 0.44%
Total Annual Fund Operating Expenses: 1.19%
Fee Waivers / Reimbursements: -0.24%
Total Net Annual Fund Operating Expenses: 0.95%

Top 10 Holdings: (As of February 13, 2009)

Company Weight
Exxon Mobil 34.90%
Chevron 13.03%
ConocoPhillips 5.80%
Schlumberger 4.55%
Occidental Petroleum 4.28%
Apache 2.25%
Devon Energy 2.03%
XTO Energy 2.00%
Transocean Ltd. 1.77%
Marathon Oil 1.76%

Other Oil ETFs

ETF Name Fund Manager Expense Ratio
MacroShares Oil Down ETF (DOY)Barclays Global Investors iPath Exchange0.50%
PowerShares DB Crude Oil Double Long ETN (DXO)DB Commodity Services0.75%
PowerShares DB Crude Oil Double Short ETN (DTO)DB Commodity Services0.75%
PowerShares DB Crude Oil Short ETN (SZO)DB Commodity Services0.75%
Powershares Dynamic Oil & Gas Services Portfolio ETF (PXJ)Invesco PowerShares0.60%
Powershares Dynamic Oil & Gas Services Portfolio ETF (PXJ)Invesco PowerShares0.60%
ProShares Short Oil & Gas ETF (DDG)InvescoPoweshares0.95%
ProShares Ultra DJ-AIG Crude Oil ETF (UCO)InvescoPoweshares0.95%
ProShares Ultra Oil & Gas ETF (DIG)InvescoPoweshares0.95%
ProShares UltraShort DJ-AIG Crude Oil ETF (SCO)ProShares ETFs0.95%
ProShares UltraShort Oil & Gas ETF (DUG)ProShares ETFs0.95%


Reference:

Company Website: http://www.proshares.com

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