| ProShares Ultra Oil & Gas ETF (the "Fund") is an open-end management investment company. The Fund seeks daily investment results that correspond to two times (2x) the daily performance of the Dow Jones U.S. Oil & Gassm Index. The index measures the performance of the oil and gas sector of the U.S. equity market. Component companies include, among others, exploration and production, integrated oil and gas, oil equipment and services, pipelines, renewable energy equipment companies and alternative fuel producers. As of May 31 2013, the Fund's total assets were $153,974,334 and the Fund's investment portfolio was valued at $133,549,562. We show 551 historical shares outstanding datapoints in our DIG shares outstanding history coverage, used to compute DIG market cap on those dates.|
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing DIG market cap history over the course of time is important for investors
interested in comparing DIG's market cap history versus its peers.
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,
and then calculating their respective market caps. Comparing the share price of DIG versus a peer is one thing; comparing
DIG market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like DIG can fluctuate over the course of history.
With this page we aim to empower investors researching DIG by allowing them to research the DIG market cap history.