ProShares Ultra Oil & Gas (DIG) is a leveraged exchange-traded fund that seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the S&P Energy Select Sector Index. The fund invests primarily through derivatives, including swaps, in equity securities of U.S. companies operating in energy equipment and services; oil, gas, and consumable fuels; integrated oil and gas; and oil and gas exploration and production sectors, with top holdings including Exxon Mobil Corp., Chevron Corp., ConocoPhillips, Williams Cos Inc., and EOG Resources Inc.. Launched on January 30, 2007, and managed by ProShare Advisors LLC, the ETF trades on U.S. exchanges with a net expense ratio of 0.95% and quarterly distributions, targeting investors seeking magnified short-term exposure to the energy sector without direct commodity investment. Headquartered in Bethesda, Maryland, ProShares, the sponsor founded in 1999, operates globally but focuses DIG on U.S. equity markets represented by the benchmark index comprising 22 companies as of September 30, 2025. In recent developments, the fund announced ETF share forward splits effective for shareholders of record on November 18, 2025, payable after market close on November 19, 2025, aimed at improving accessibility and liquidity, alongside ongoing quarterly dividend declarations such as $0.2562 and $0.2047.