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DUG provides (-2x) inverse exposure to the daily performance of the S&P Energy Select Sector Index, a market-cap-weighted index of US oil and gas companies. The funds concentrated portfolio typically includes firms engaged in oil and gas exploration and production, integrated oil and gas, equipment for oil as well as renewable energy, pipelines, and alternative fuel producers. As a levered product with daily resets, DUG is not a buy-and-hold investment and should not be expected to provide index leverage returns greater than a one-day period. Prior to Mar. 20, 2023, the fund was called ProShares UltraShort Energy that tracked the Dow Jones U.S. Oil & Gas Index.

DUG Technology Ltd (DUGTF) 2026 Earnings Call Transcript

A U.S.-Iran peace deal is flooding markets with crude, sending oil prices lower and boosting the case for inverse energy ETFs.

Oil prices are on their longest weekly losing streak since 2018, leading to a surge in inverse or inverse-leveraged energy ETFs.

DUG and VONG saw massive trading volumes in yesterday trading session.

Top Performing Levered/Inverse ETFs Last Week These were last week's top performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly.