Balanced Balanced News: ProShares Ultra Oil & Gas on January 16, 2023

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ProShares Ultra Oil & Gas on January 16, 2023

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ProShares Ultra Oil & Gas: Moving From Sell To Hold - Seeking Alpha

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ProShares Ultra Oil & Gas ETF (NYSEARCA:DIG) seeks daily investment results that are 2x the daily performance of the Dow Jones U.S. Oil & Gas Index. In December 2022 we looked at the name and initiated coverage with a Sell rating, expecting weaker WTI prices and weaker Oil & Gas prices into the new year as recessionary fears would take hold. This was set-up as a short-term trade, but unfortunately it did not work to the extent expected. WTI did move down, but bounced off support at $70:

seekingalpha.com Jan 16, 2023

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