DDGProShares Short Oil & Gas
DDG Fund Description
DDG provides inverse exposure to a market-cap-weighted index that tracks the performance of large US oil and gas companies.
DDG Factset Analytics Insight
DDG is an inverse play on the Dow Jones U.S. Oil and Gas Index—a market-cap-weighted index that includes oil and gas producers, as well as companies that engage in oil equipment and services. Currently, a quarter of the index is held in Exxon Mobil. DDG rebalances on a daily basis, exposing the fund to issues of path dependency and compounding. As a result, DDG’s long-term returns are difficult to predict when compared with its underlying index. In short, the fund is designed to be a short-term trading vehicle, not a long-term investment. Unfortunately, the fund has very little in assets, and just a few dozen shares changes hands in DDG on a daily basis—it's not an effective trading vehicle. Spreads are outrageously wide, and the fund's low block liquidity score indicates that things are no better at the institutional trading level.
DDG CHARTS AND PERFORMANCE
DDG Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of DDG. DDG is rated a 5 out of 5.