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Proshares Short Oil Gas
ProShares Short Oil & Gas (DTO) is an exchange-traded fund (ETF) that aims to provide investors with inverse exposure to the daily performance of the Dow Jones U.S. Oil & Gas Index. Here's some general information about the ETF:
**Overview:**
* Ticker Symbol: DTO
* ETF Type: Inverse/Leveraged ETF
* Listed on: NYSE Arca (US Exchange)
* Issuer: ProShares Advisors LLC
* Net Assets: Approximately $140 million (as of March 2023)
* Inception Date: July 2007
**Investment Objective:**
ProShares Short Oil & Gas ETF aims to provide daily investment results that are inversely correlated to the daily performance of the Dow Jones U.S. Oil & Gas Index. This means that when the oil and gas sector declines, the ETF is designed to increase in value, and conversely, when the sector rises, the ETF is expected to decrease in value.
**Index:**
The ETF tracks the Dow Jones U.S. Oil & Gas Index, which is a market-capitalization-weighted index composed of U.S. companies involved in the oil and gas industry. The index includes companies engaged in exploration, production, refining, marketing, and transportation of oil and natural gas.
**Holdings:**
As an inverse ETF, the fund does not hold the underlying securities in the Dow Jones U.S. Oil & Gas Index. Instead, it uses various financial instruments, such as swaps, futures contracts, and options, to gain inverse exposure to the index.
**Expense Ratio:**
The ETF's expense ratio is 0.95%, which is relatively high compared to other ETFs. This means that for every $1,000 invested in the ETF, the fund will charge $9.50 in annual fees.
**Trading:**
ProShares Short Oil & Gas ETF trades on the NYSE Arca exchange under the ticker symbol DTO. It can be bought and sold through a brokerage account, just like individual stocks.
**Investor Suitability:**
This ETF is designed for sophisticated investors who are looking to hedge against potential declines in the oil and gas sector or seek to benefit from short-term market movements. Due to its inverse nature and daily rebalancing, the ETF is not suitable for long-term investors or those who are not comfortable with the risks associated with trading in the energy sector.
Please consult with a financial advisor or conduct your own research before investing in ProShares Short Oil & Gas ETF or any other investment product.