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