ProShares Ultra Oil & Gas Price & Performance (DIG)

ProShares Ultra Oil & Gas ETF (DIG) jumped 5.06% on Tuesday, closing at $30.96. Despite the strong daily gain, trading volume dropped, signaling potential caution ahead. Analysts note mixed signals: while the short-term trend is positive, the longer-term outlook remains negative with expectations of increased volatility in coming weeks.123

The DIG ETF, designed to deliver twice the daily returns of the S&P Energy Select Sector Index, has posted a 6.32% gain over the past two weeks. However, technical indicators warn of a possible downturn, with short-term buy signals countered by longer-term sell signals, highlighting the fund’s elevated risk profile.425

While ProShares Ultra Oil & Gas ETF has rallied recently, its one-year return remains negative at -5.19%. The fund’s strategy of leveraged exposure to energy stocks amplifies both gains and losses, making it attractive for active traders but risky for long-term investors, especially amid ongoing market fluctuations.435