SZK

ProShares UltraShort Consumer Staples

$13.18

+0.00%

Market closed. Last update: 10:54 PM ET

📎 Investment Objective

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

Overview

ETF tracking ProShares UltraShort Consumer Staples

Category Leveraged

Issuer ProShares

Inception Date 2008-11-12

Market Cap N/A

Average Volume N/A

Dividend Yield 3.45%

52-Week Range $11.36 - $13.69

VWAP $13.15

Performance

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Price Chart

Investment Summary

📎 Investment Objective

🎯 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 consumer staples sector, allowing investors to potentially profit from a decline in the underlying index.

✨ Key Features

Provides 2x inverse (short) exposure to the consumer staples sector
Utilizes derivatives to achieve its leveraged investment objective
Designed for short-term, tactical trading rather than long-term buy-and-hold
Highly volatile and speculative, not suitable for all investors

⚠️ Primary Risks

Leveraged and inverse ETFs can experience significant losses over short periods of time
Derivative instruments used by the fund carry additional risks, such as counterparty risk
Sector-specific funds like this one have higher volatility and risk than broad-based funds
Investors may lose their entire investment if the underlying index moves in an unfavorable direction

👤 Best For

This ETF is designed for experienced, risk-tolerant investors who have a short-term, speculative investment horizon and are seeking to potentially profit from a decline in the consumer staples sector. It is not suitable for long-term buy-and-hold investors or those with a low risk tolerance.