ProShares UltraShort Oil & Gas is an open-end management investment company. The Fund seeks daily investment results that correspond to twice the inverse daily performance of the Dow Jones U.S. Oil & Gas Index. The Dow Jones U.S. Oil & Gas Index measures the performance of the oil and gas industry of the United States equity market. Component companies include oil drilling equipment and services, oil companies (major and secondary), pipelines, liquid, solid or gaseous fossil fuel producers and service companies. As of May 31 2013, the Fund's total assets and investment portfolio totaled $85,513,181 and $84,850,551, respectively. We show 256 historical shares outstanding datapoints in our coverage of DUG's shares outstanding history.
Understanding the changing numbers of DUG shares outstanding — and
comprehending the concept of differing number of shares outstanding in general comparing companies like DUG versus peers —
is critical for investors. Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies.
Furthermore, via issuance of new shares over time, or the repurchase of existing shares, the number of shares outstanding can fluctuate over the course of history.
With this page we aim to empower investors researching DUG by allowing them to research DUG shares outstanding history
as well as any other stock in our coverage universe. |
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Video: Shares Outstanding Importance
