NYSE ARCA | ETF
The investment seeks daily investment results, net of expenses, of 300% of the inverse of the daily performance of the ISE-Revere Natural Gas IndexTM.
The fund, under normal circumstances, invests in swap agreements, futures contracts, short positions or other financial instruments that, in combination, provide inverse (opposite) or short leveraged exposure to the index equal to at least 80% of the fund&!39;s net assets (plus borrowing for investment purposes).
The index is designed to take advantage of both event-driven news and long term trends in the natural gas industry.
The fund is non-diversified.
Top 20 Holdings
| Asset | Name | Sector | Industry | Weight |
|---|---|---|---|---|
| APA | APA Corporation | Energy | Oil & Gas E&P | 5.80% |
| CXO | Concho Resources Inc | Energy | Oil & Gas E&P | 4.91% |
| DVN | Devon Energy Corporation | Energy | Oil & Gas E&P | 4.67% |
| NBL | Noble Energy Inc | Energy | Oil & Gas E&P | 4.46% |
| XEC | Cimarex Energy Co | Energy | Oil & Gas E&P | 4.41% |
| MUR | Murphy Oil Corporation | Energy | Oil & Gas E&P | 4.34% |
| COP | ConocoPhillips | Energy | Oil & Gas E&P | 4.29% |
| CLR | Continental Resources Inc | Energy | Oil & Gas E&P | 4.18% |
| COG | Cabot Oil & Gas Corporation | Energy | Oil & Gas E&P | 4.17% |
| ECA | Ovintiv Inc | Other | Other | 4.11% |
| MTDR | Matador Resources Company | Energy | Oil & Gas E&P | 3.91% |
| CHK | Chesapeake Energy Corp | Energy | Oil & Gas E&P | 3.74% |
| EQT | EQT Corporation | Energy | Oil & Gas E&P | 3.50% |
| WES | Western Midstream Partners LP | Energy | Oil & Gas Midstream | 3.42% |
| SM | SM Energy Co | Energy | Oil & Gas E&P | 3.13% |
| EQM | EQM Midstream Partners LP | Energy | Oil & Gas Midstream | 3.12% |
| RRC | Range Resources Corp | Energy | Oil & Gas E&P | 3.04% |
| PDCE | PDC Energy Inc | Energy | Oil & Gas E&P | 2.97% |
| CNX | CNX Resources Corp | Energy | Oil & Gas E&P | 2.90% |
| SWN | Southwestern Energy Company | Energy | Oil & Gas E&P | 2.85% |