ProShares Ultra Energy (03O9)

Profile

ProShares Ultra Energy is a leveraged exchange-traded fund designed to deliver twice the daily performance of the U.S. energy sector, before fees and expenses. The fund focuses on large energy companies involved in oil and gas exploration, production, integrated operations, midstream infrastructure, refining, and related energy services. It uses a mix of equity holdings and derivatives to maintain its leveraged exposure, making it a specialized instrument for accessing sector-wide energy market movements through a single fund. ProShares Ultra Energy is used by market participants seeking concentrated exposure to major energy businesses and the broader performance of the sector rather than individual company selection. Its portfolio commonly includes leading names such as Exxon Mobil, Chevron, and ConocoPhillips, reflecting its emphasis on established energy producers and infrastructure operators.