RXD

ProShares UltraShort Health Care

$9.55

+0.00%

Market closed. Last update: 10:58 PM ET

📎 Investment Objective

The ProShares UltraShort Health Care ETF (RXD) seeks to provide daily investment results that correspond to twice the inverse (-2x) of the daily performance of the Dow Jones U.S. Health Care Index.

Overview

ETF tracking ProShares UltraShort Health Care

Category Leveraged

Issuer ProShares

Inception Date 2008-11-12

Market Cap N/A

Average Volume N/A

Dividend Yield 3.46%

52-Week Range $9.41 - $13.35

VWAP $9.51

Performance

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Price Chart

Investment Summary

📎 Investment Objective

The ProShares UltraShort Health Care ETF (RXD) seeks to provide daily investment results that correspond to twice the inverse (-2x) of the daily performance of the Dow Jones U.S. Health Care Index.

🎯 Investment Strategy

The fund uses a combination of financial instruments, such as futures contracts and swap agreements, to provide the targeted inverse exposure to the underlying index. It does not invest directly in the stocks that make up the index.

✨ Key Features

Provides leveraged inverse exposure to the health care sector
Aims to deliver twice the daily inverse return of the Dow Jones U.S. Health Care Index
Utilizes derivatives to achieve its targeted exposure
Suitable for experienced investors with a short-term trading horizon

⚠️ Primary Risks

Significant daily volatility and potential for large losses
Leverage risk, as the fund's performance can magnify both gains and losses
Tracking error risk, as the fund may not perfectly match the inverse performance of the underlying index
Counterparty risk associated with the use of derivatives

👤 Best For

This ETF is designed for experienced, short-term traders who are seeking to profit from a decline in the health care sector. It is not suitable for long-term buy-and-hold investors, as the leveraged nature of the fund can lead to significant volatility and potential losses over extended periods.