ProShares Ultra Dow30 (DDM)

The Ultra Dow30 2X ETF (DDM) is an exchange-traded fund that seeks to provide investment results that correspond to twice (200%) the daily performance of the Dow Jones Industrial Average (DJIA). The DJIA is an index that tracks the performance of 30 large, publicly-traded companies listed on the New York Stock Exchange (NYSE) and the Nasdaq Stock Market.

DDM uses leverage to achieve its objective, which means that the fund borrows money to invest in DJIA securities. As a leveraged fund, DDM is designed to amplify the returns of the DJIA, which can be beneficial in a rising market but can also result in magnified losses in a declining market. Therefore, DDM is best suited for investors who have a high risk tolerance and are looking to make aggressive bets on the DJIA.