 The
ProShares Ultra Bloomberg Natural Gas ETF (BOIL) is an exchange-traded
fund that seeks to provide leveraged exposure to the price of natural
gas. The BOIL ETF seeks to provide investors with twice the daily
performance of the Bloomberg Natural Gas Subindex. Here's an extended
company report for the ProShares Ultra Bloomberg Natural Gas ETF:
The ProShares Ultra Bloomberg Natural Gas ETF was launched in 2011
by ProShares, a leading provider of leveraged and inverse ETFs. The
ETF seeks to provide investors with leveraged exposure to the price of
natural gas by seeking to provide twice the daily performance of the
Bloomberg Natural Gas Subindex, which tracks the price of natural gas
futures contracts.
The BOIL ETF is designed to provide
investors with a cost-effective way to gain leveraged exposure to the
price of natural gas. The ETF has a low expense ratio of 0.95%, which
is significantly lower than the average expense ratio for similar
actively managed mutual funds. The ETF is also highly liquid, with an
average daily trading volume of over 1 million shares.
As of
March 18, 2023, the ProShares Ultra Bloomberg Natural Gas ETF had a
net asset value of approximately $142 million, making it one of the
largest and most heavily traded ETFs in the natural gas market. The
ETF's holdings are heavily weighted towards natural gas futures
contracts, with a focus on the front month futures contract.
Investing in the ProShares Ultra Bloomberg Natural Gas ETF involves
significant risks, including the risk that the ETF's performance may
be affected by changes in market conditions, regulatory changes, and
other factors that may impact the price of natural gas futures
contracts. The ETF is also subject to leverage risk, which means that
its returns may be more volatile than the returns of similar
non-leveraged ETFs.
In conclusion, the ProShares Ultra
Bloomberg Natural Gas ETF seeks to provide investors with leveraged
exposure to the price of natural gas by seeking to provide twice the
daily performance of the Bloomberg Natural Gas Subindex. The ETF is
cost-effective, highly liquid, and heavily weighted towards natural
gas futures contracts. Investors should carefully consider the risks
and potential benefits of investing in the ProShares Ultra Bloomberg
Natural Gas ETF before making any investment decisions.
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