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ProShares Trust - ProShares Ultra Oil & Gas is an exchange traded fund launched and managed by ProShare Advisors LLC. It invests in public equity markets of the United States. It invests through derivatives in stocks of companies operating across energy, energy equipment and services, oil and gas equipment and services, oil, gas and consumable fuels, integrated oil and gas, oil and gas exploration and production sectors. It uses derivatives such as swaps to create its portfolio. It invests in growth and value stocks of companies across diversified market capitalization. It seeks to track 2x the daily performance of the Dow Jones U.S. Oil & Gas Index, by using full replication technique. ProShares Trust - ProShares Ultra Oil & Gas was formed on January 30, 2007 and is domiciled in the United States.
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