(DIG) ProShares Ultra Oil & Gas - Ratings and Ratios

ProShares Ultra Oil & Gas (DIG) is a leveraged equity ETF designed to provide daily returns that correspond to twice (2x) the daily performance of the energy sector of the S&P 500 Index. The fund achieves this by investing in a combination of financial instruments, including equity futures and options. The underlying index, maintained by S&P Dow Jones Indices LLC, focuses on energy sector companies within the S&P 500. As a non-diversified fund, it may hold a higher concentration of securities in a smaller number of issuers, which can increase volatility. The fund is structured to reset daily, meaning it seeks to achieve its target return over a single trading day rather than over longer periods.

From a technical perspective, DIG is currently trading below its key moving averages, with the 20-day SMA at 39.04 and the 50-day SMA at 38.64, both above the last price of 35.36. The 200-day SMA of 40.02 further indicates a bearish trend. The Average True Range (ATR) of 1.47 suggests moderate volatility. Based on these metrics, the 3-month outlook for DIG is neutral to bearish, with potential support near the 200-day SMA and resistance near the 50-day SMA. The funds AUM of $86.10M indicates moderate liquidity. Investors should monitor energy sector trends and broader market conditions, as DIGs performance is closely tied to the S&P 500 energy sector.

Ticker Symbol: DIG Exchange: NYSE ARCA Type: etf Country Origin: USA ETF Category: Trading--Leveraged Equity