DDM

ProShares Ultra Dow30

$110.07

+0.00%

Market closed. Last update: 11:57 AM ET

📎 Investment Objective

DDM seeks to provide 2x the daily return of the Dow Jones Industrial Average index.

Overview

ETF tracking ProShares Ultra Dow30

Category Leveraged

Issuer ProShares

Inception Date 2008-11-12

Market Cap $451.3M

Average Volume N/A

Dividend Yield 0.88%

52-Week Range $73.05 - $115.34

VWAP $109.84

Performance

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Price Chart

Investment Summary

📎 Investment Objective

DDM seeks to provide 2x the daily return of the Dow Jones Industrial Average index.

🎯 Investment Strategy

DDM uses financial derivatives and leverage to amplify the daily performance of the underlying Dow Jones Industrial Average index. It does not seek to achieve its stated investment objective over periods longer than a single day.

✨ Key Features

Provides 2x leveraged exposure to the Dow Jones Industrial Average index
Resets leverage daily, so performance can deviate significantly from the index over longer periods
Designed for short-term, tactical trading rather than long-term buy-and-hold investing
Has very low assets under management and may have limited liquidity

⚠️ Primary Risks

Significant daily rebalancing risk due to leverage, which can magnify losses
Potential for large tracking error versus the underlying index over time
Limited liquidity and trading volume compared to non-leveraged index ETFs
Not suitable for long-term investors with a buy-and-hold strategy

👤 Best For

DDM is best suited for experienced, sophisticated traders who understand the risks of leveraged ETFs and are looking for short-term, tactical exposure to the Dow Jones Industrial Average. It is not recommended for long-term, buy-and-hold investors.