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ProShares Trust - ProShares UltraShort Oil & Gas is an exchange traded fund launched and managed by ProShare Advisors LLC. The fund invests in public equity markets of the United States. The fund invests through derivatives in stocks of companies operating across energy, energy equipment and services, oil and gas drilling, oil and gas equipment and services, oil, gas and consumable fuels, integrated oil and gas, oil and gas exploration and production, oil and gas refining and marketing, coal and consumable fuels, oil and gas storage and transportation sectors. The fund employs short strategy and uses derivatives such as swaps to create its portfolio. It invests in growth and value stocks of companies across diversified market capitalization. The fund seeks to track -2x the daily performance of the Dow Jones U.S. Oil & Gas Index, by using synthetic replication technique. ProShares Trust - ProShares UltraShort Oil & Gas was formed on January 30, 2007 and is domiciled in the United States.
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