Industry description
The investment seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily [price] performance of wheat.
The fund is an ETF that seeks to achieve its investment objective primarily through managed exposure to wheat futures contracts that trade only on an exchange registered with the Commodity Futures Trading Commission, and cash, cash-like instruments or high-quality securities that serve as collateral to the fund’s investments in Wheat Futures Contracts. The fund is non-diversified.