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ETF
ProShares Trust II - ProShares UltraShort Gold is an exchange traded fund launched by ProShare Capital Management LLC. It is co-managed by ProFund Advisors LLC and ProShare Advisors LLC. The fund invests in the commodity markets. It takes short positions and uses derivatives such as swaps and futures to invest in gold. The fund seeks to track -2x the daily performance of the Bloomberg Gold Subindex. ProShares Trust II - ProShares UltraShort Gold was formed on December 1, 2008 and is domiciled in the United States.
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