ProShares UltraShort Dow30
New York Stock Exchange ArcaRecent
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- ProShares UltraShort Dow30 (DXD) is an exchange-traded fund that seeks daily investment results, before fees and expenses, corresponding to two times the inverse (-2x) of the daily performance of the Dow Jones Industrial Average. The fund, issued by ProShares Trust and managed by ProShare Advisors LLC, employs derivatives including swaps with counterparties such as Societe Generale, Goldman Sachs International, UBS AG, Bank of America, BNP Paribas, Citibank, and Barclays Capital, as well as futures contracts like the DJIA Mini E-CBOT Equity Index; it also holds treasury bills and maintains net other assets/liabilities to support its leveraged inverse strategy targeting the price-weighted index of 30 large-cap U.S. blue-chip stocks across sectors including industrials, financials, technology, healthcare, consumer discretionary, and staples. Launched on July 11, 2006, with ticker DXD (CUSIP 74347G374), intraday ticker DXD.IV, net expense ratio of 0.95% (gross 1.06% with waiver through September 30, 2026), quarterly distributions, and options availability, the fund operates primarily in the U.S. equity markets for sophisticated investors seeking short-term bearish exposure to large-cap U.S. stocks, with assets under management around $52-54 million and trading on NYSE Arca. Headquartered at 7272 Wisconsin Avenue in Bethesda, Maryland—the base for ProShares, a pioneer in ETFs since 2006 managing over $95 billion in assets across leveraged, inverse, dividend growth, high income, interest rate hedged bond, crypto-linked, and other strategic products—the fund serves financial advisors, institutions, and traders globally with availability in markets including the United States and Mexico. In recent developments, ProShares strengthened its distribution capabilities in September 2025 by hiring three regional vice presidents—Chad Brand for Southern California, Mike Hart for New York City/Westchester/Long Island, and Matt Zorumski for Florida—to support financial advisors amid business expansion; the firm launched its first interval fund in October 2025 with at least 80% allocation to private equity strategies like buyouts, growth equity, and secondaries; and expanded its ETF lineup in September 2025 with new products targeting 2x daily returns of Coinbase, Nvidia, Palantir, and Tesla, underscoring ongoing product innovation without specific changes to DXD itself.
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