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See exactly how DUG's revenue becomes profit — a Sankey that traces revenue (and its reported segments) through gross profit, operating expenses, and net profit, with the year-over-year change on every line.
The same diagram the Chart Builder draws, right on the Summary tab. Upgrade to unlock it for DUG and 80,000+ other tickers.
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.
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.
Though prices remained steady currently due to geopolitical tensions in the Middle East, chances of a prolonged bull run in oil prices have been dampened lately as the "demand destruction" became evident in the energy sector.