- Sector
- Financial Services
- Industry
- Asset Management - Leveraged
- Address
- 7501 Wisconsin Avenue, Suite 1000E Bethesda MD United States of America 20814
- IPO Date
- Jun 21, 2006
- Business
- ProShares Ultra Dow30 (DDM) is an exchange-traded fund managed by ProShare Advisors LLC that seeks daily investment results, before fees and expenses, corresponding to two times (2x) the daily performance of the Dow Jones Industrial Average. The fund employs derivatives including swaps with counterparties such as Morgan Stanley, Citibank, UBS, Bank of America, BNP Paribas, Barclays and Societe Generale; futures contracts on the DJIA Mini E-CBOT Equity Index; direct investments in constituent large-cap blue-chip stocks like Goldman Sachs Group Inc., Caterpillar Inc., Microsoft Corp., American Express Co., Home Depot Inc., Visa Inc., UnitedHealth Group Inc., Sherwin-Williams Co., Amgen Inc. and JPMorgan Chase & Co.; and short-term treasury bills for collateral. Launched on June 19, 2006, and domiciled in the United States, the fund operates primarily in the leveraged equity ETF segment, targeting investors seeking amplified exposure to the 30 leading U.S. companies across industries including technology, financials, healthcare, consumer discretionary and industrials; it distributes quarterly dividends and supports options trading with a net expense ratio of 0.95%. Headquartered in Bethesda, Maryland, ProShares--the issuer at the forefront of the ETF revolution since 2006 with over $95 billion in assets under management--recently implemented a 2-for-1 share split for DDM effective November 20, 2025, alongside splits for related leveraged funds; surpassed $100 billion in AUM in October 2025; launched its first interval fund focused on private equity strategies in October 2025; expanded its single-stock and index-based leveraged ETF lineup throughout 2025 including 2x Coinbase, Nvidia, Palantir, Tesla, S&P 500 Equal Weight and Nasdaq-100 Top 30 products; strengthened distribution with three key regional vice president hires in September 2025; and appointed a new Chief Human Resources Officer in December 2025.