DIG | ProShares Ultra Energy | Quick Take

In this [DIG | ProShares Ultra Energy | Quick Take] video , we will be discussing the risk-reward profile of an energy ETF called DIG | ProShares Ultra Energy. We will be comparing it to our other energy longs, DBE and ERX. Currently, the price of DIG is around $44, which is relatively high as the energy market has been performing well. The ETF has a 1.5-1.62 risk-reward ratio for the past 52 weeks, which is comparable to our other energy ETFs. DBE and ERX have ratios of 1.3-1.6 and bottom-to-top performance of 29%, making them slightly better than Dig.

We will be using tools like Finviz and the ETF Database to analyze the performance of DIG. It has shown a solid 33% performance this year and pays a small dividend of 24 cents, with a 1% yield. Some of the top holdings of this ETF include BNP Swaps, Bank of America, Exxon Mobil, Chevron, and ConocoPhillips. It also has a 2x leverage on the daily performance of the overall energy sector through XLE.

In comparison, ERX is a 2x bull ETF, making it comparable to DIG.

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CHAPTERS
00:00 - DIG | ProShares Ultra Energy ETF
03:05 - BeachBum Trading Sites
03:53 - Discord Invite

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REFERENCES
Weekly Trading Game Plan Notes for 5/13 – 5/17/24 - Part 1 https://docs.google.com/document/d/1d-wuor8nQzJlYzI5GTXUeV4oZeE8eHFiDKmW0dHQnzQ/edit?usp=sharing

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