As of September 1, 2016, ProShares Trust - ProShares Ultra Homebuilders & Supplies has gone out of business. ProShares Trust - ProShares Ultra Homebuilders & Supplies is an exchange traded fund launched and managed by ProShare Advisors LLC. It invests in the public equity markets of the United States. The fund invests directly and through derivatives such as swap agreements in stocks of companies operating in the homebuilders and supplies sectors, which includes companies that are constructors of residential homes, including manufacturers of mobile and prefabricated homes, as well as producers, sellers and suppliers of building materials, and furnishings and fixtures. It primarily invests in stocks of companies across all market capitalizations. The fund also invests in money market instruments. It seeks to replicate twice the daily performance of the Dow Jones U.S. Select Home Construction Index. ProShares Trust - ProShares Ultra Homebuilders & Supplies was formed on June 22, 2015 and is domiciled in the United States.