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As of September 14, 2017, ProShares Trust - ProShares UltraShort Oil & Gas Exploration & Production has gone out of business. ProShares Trust - ProShares UltraShort Oil & Gas Exploration & Production is an exchange traded fund launched and managed by ProShare Advisors LLC. It invests in the public equity markets of the United States. The fund takes short positions and uses derivatives such as swap agreements to invest in the stocks of companies operating in the oil and gas exploration and production sectors. It invests in the stocks of companies across all market capitalizations. The fund also invests in money market instruments. It seeks to replicate twice the inverse of the daily performance of the S&P Oil & Gas Exploration & Production Select Industry Index, by employing synthetic replication methodology. ProShares Trust - ProShares UltraShort Oil & Gas Exploration & Production was formed on June 22, 2015 and is domiciled in the United States.