Name of ETF: ProShares UltraShort Health Care
Benchmark Index: Dow Jones U.S. Health Care Index
Ticker Symbol: RXD
Approximate Number of Stocks in this ETF: 110
Daily Target: -2x
Leveraged-Short ETF: This ETF allows investors to take a leveraged bearish position against the U.S. health care sector. If the Dow Jones U.S. Health Care Index goes down, this ETF is designed to go up twice the amount the index went down. Conversely, if the Dow Jones U.S. Health Care Index goes up, this ETF is designed to go down twice the amount the index went up.
Types of Stocks Included in this ETF: Large, mid and small-sized publicly traded companies in the health care sector.
Industries with the Most Representation: The types of companies that have the most representation (largest weight) in this ETF are:
- Health Care Providers & Services
- Health Care Equipment & Supplies
Individual Company Weight: This ETF historically has been weighted towards the top holdings.