(DDM) ProShares Ultra Dow30 - NYSE

ProShares Ultra Dow30 (DDM) is a leveraged exchange-traded fund designed to provide daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the Dow Jones Industrial Average. Launched in 2006, the fund maintains exposure to 30 of the largest blue-chip companies in the United States across various industries, excluding utilities and transportation.

The fund operates as a non-diversified vehicle, typically investing at least 80% of its assets in index components or financial derivatives like swap agreements and futures contracts to achieve its gearing. Because the underlying index is price-weighted rather than market-cap weighted, the stock price of individual components dictates their influence on the index performance more than their total market valuation. Investors may find more granular data on these underlying holdings at ValueRay.

As a leveraged ETF, DDM is intended for short-term trading strategies rather than long-term buy-and-hold positions. Due to the effects of daily compounding, the funds performance over periods longer than a single day can deviate significantly from the two-times return of the benchmark index.