Name of ETF: ProShares UltraShort Financials
Benchmark Index: Dow Jones U.S. Financials Index
Ticker Symbol: SKF
Approximate Number of Stocks in this ETF: 275
Types of Stocks Included in this ETF: Large and mid-sized U.S. companies in the financial sector. Examples of companies in the financial sector that have been included in this ETF are:
- Berkshire Hathaway (BRK.B)
- Wells Fargo (WFC)
- JPMorgan Chase & Co (JPM)
- Visa (V)
- Mastercard (MA)
- American Express (AXP)
Industries with the Most Representation: The types of companies that have the most representation (largest weight) in this ETF are:
- Banks
- Diversified Financials
- Insurance
- Real Estate Investment Trusts (REITs)
Daily Target: -2x
Leveraged-Short ETF: This ETF allows investors to take a leveraged bearish position against the U.S. financial sector. If the Dow Jones U.S. Financials Index goes down, this ETF is designed to go up twice the amount the index went down. Conversely, if the Dow Jones U.S. Financials Index goes up, this ETF is designed to go down twice the amount the index went up.
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