CTEX

ProShares S&P Kensho Cleantech ETF

$35.65

+0.00%

Market closed. Last update: 10:51 PM ET

📎 Investment Objective

The ProShares S&P Kensho Cleantech ETF (CTEX) seeks to provide investment results that, before fees and expenses, correspond to the performance of the S&P Kensho Cleantech Index.

Overview

ETF tracking ProShares S&P Kensho Cleantech ETF

Category Technology

Issuer ProShares

Inception Date 2021-09-30

Market Cap $1.8M

Average Volume N/A

Dividend Yield 0.37%

52-Week Range $15.11 - $40.37

VWAP $35.47

Performance

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Price Chart

Investment Summary

📎 Investment Objective

The ProShares S&P Kensho Cleantech ETF (CTEX) seeks to provide investment results that, before fees and expenses, correspond to the performance of the S&P Kensho Cleantech Index.

🎯 Investment Strategy

The fund invests in companies that are involved in the development and commercialization of clean technology, including renewable energy, energy efficiency, and environmental protection. The fund's portfolio is designed to reflect the performance of the underlying index.

✨ Key Features

Exposure to companies at the forefront of clean technology and renewable energy innovation
Tracks the S&P Kensho Cleantech Index, which is designed to identify and weight companies based on their involvement in the cleantech industry
Low expense ratio of 0.00%
Relatively new fund with limited performance history

⚠️ Primary Risks

Concentration risk as the fund is focused on the cleantech industry
Volatility risk as the cleantech sector can be subject to significant price swings
Lack of performance history makes it difficult to evaluate the fund's long-term potential
Liquidity risk due to the fund's small asset size

👤 Best For

The ProShares S&P Kensho Cleantech ETF may be suitable for investors seeking exposure to the growing clean technology and renewable energy sectors as part of a diversified portfolio. However, due to the fund's limited track record and small asset size, it may be more appropriate for investors with a higher risk tolerance and a long-term investment horizon.