SIJ

ProShares UltraShort Industrials

$11.95

+0.00%

Market closed. Last update: 10:53 PM ET

📎 Investment Objective

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

Overview

ETF tracking ProShares UltraShort Industrials

Category Leveraged

Issuer ProShares

Inception Date 2008-11-12

Market Cap $1.3M

Average Volume N/A

Dividend Yield 4.56%

52-Week Range $11.37 - $21.06

VWAP $12.18

Performance

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Price Chart

Investment Summary

📎 Investment Objective

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

🎯 Investment Strategy

The fund uses a combination of financial instruments, such as futures contracts and swap agreements, to achieve its investment objective. It aims to provide leveraged exposure to the inverse performance of the target index on a daily basis.

✨ Key Features

Provides -2x daily leveraged exposure to the Dow Jones U.S. Industrials Index
Designed for short-term trading and not intended for long-term buy-and-hold investors
Utilizes derivatives to achieve its leveraged investment objective
Has a very low expense ratio of 0.00%

⚠️ Primary Risks

Leveraged and inverse ETFs can experience significant losses over time, especially in volatile markets
Derivative instruments used by the fund may not perfectly track the underlying index
Compounding effects can cause performance to deviate from the stated -2x objective over longer holding periods
Lack of performance history, as the fund has not yet completed a full year of trading

👤 Best For

This ETF is best suited for experienced, short-term traders who understand the risks of leveraged and inverse funds and are looking to make tactical bets on the industrials sector. It is not recommended for long-term buy-and-hold investors or those with a low risk tolerance.