ProShares UltraShort Oil & Gas is an open-end management investment company. The Fund seeks daily investment results that correspond to twice the inverse daily performance of the Dow Jones U.S. Oil & Gas Index. The Dow Jones U.S. Oil & Gas Index measures the performance of the oil and gas industry of the United States equity market. Component companies include oil drilling equipment and services, oil companies (major and secondary), pipelines, liquid, solid or gaseous fossil fuel producers and service companies. As of May 31 2013, the Fund's total assets and investment portfolio totaled $85,513,181 and $84,850,551, respectively. We show 256 historical shares outstanding datapoints in our DUG shares outstanding history coverage, used to compute DUG market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing DUG market cap history over the course of time is important for investors
interested in comparing DUG'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 DUG versus a peer is one thing; comparing
DUG 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 DUG can fluctuate over the course of history.
With this page we aim to empower investors researching DUG by allowing them to research the DUG market cap history. |
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Video: The Importance of Market Cap
