DXD

ProShares UltraShort Dow 30

$21.44
+0.00%
Market closed. Last update: 10:54 PM ET

📎 Investment Objective

The DXD ETF seeks to provide daily investment results that correspond to twice the inverse (-2x) of the daily performance of the Dow Jones Industrial Average.

Overview

ETF tracking ProShares UltraShort Dow 30

Category Inverse
Issuer ProShares
Inception Date 2008-11-12
Market Cap $49.5M
Average Volume N/A
Dividend Yield 5.20%
52-Week Range $20.48 - $34.07
VWAP $21.43

Performance

Loading performance data...

Price Chart

Investment Summary

📎 Investment Objective

The DXD ETF seeks to provide daily investment results that correspond to twice the inverse (-2x) of the daily performance of the Dow Jones Industrial Average.

🎯 Investment Strategy

The fund uses swaps, futures contracts, and other derivative instruments to achieve its -2x daily inverse exposure to the Dow Jones Industrial Average. It does not invest directly in the underlying stocks.

✨ Key Features

  • Provides -2x daily inverse exposure to the Dow Jones Industrial Average
  • Designed for short-term trading and not long-term buy-and-hold investing
  • High volatility and risk due to leveraged inverse exposure
  • Resets daily, so longer-term returns may not match -2x of the index

⚠️ Primary Risks

  • Significant daily volatility and risk of losses, especially in volatile markets
  • Potential for divergence between the fund's performance and -2x of the index over longer time periods
  • Risks associated with the use of derivatives such as swaps and futures contracts
  • Counterparty risk if the fund's swap or futures counterparties default

👤 Best For

This ETF is designed for experienced, risk-tolerant investors who seek short-term inverse exposure to the Dow Jones Industrial Average and understand the risks of leveraged and inverse funds. It is not suitable for long-term buy-and-hold investors or those with a low risk tolerance.