About ProShares UltraPro 3x Short Crude Oil ETF (OILD)

The ProShares UltraPro 3x Short Crude Oil ETF (OILD) is designed to provide investors with three times the inverse daily performance of the Bloomberg WTI Crude Oil Subindex. This means that when the price of crude oil declines, OILD aims to deliver triple the inverse return on that decline. OILD achieves this through the use of financial derivatives and other instruments that allow investors to gain exposure to short positions in crude oil.

Investing in OILD can be an effective way for investors to hedge against declines in the price of crude oil. As an inverse ETF, OILD is designed to profit when crude oil prices fall. This can be particularly valuable during periods of economic uncertainty or geopolitical tensions that may negatively impact the price of crude oil. By using OILD, investors can potentially profit from these declines and help offset losses in other areas of their portfolio.