Name of ETF: ProShares UltraShort Real Estate
Benchmark Index: Dow Jones U.S. Real Estate Index
Ticker Symbol: SRS
Types of Companies Included: U.S. real estate investment trusts (REITs) with a few companies focusing on real estate management and development. These REITs invest in a wide variety of commercial and residential properties.
Daily Target: -2x (inverse daily performance of index).
Short ETF: This ETF attempts to produce investment results in the opposite direction of the index. If the Dow Jones U.S. Real Estate Index goes up, the ETF is designed to go down. If the Dow Jones U.S. Real Estate Index goes down, the ETF is designed to go up.
Leveraged ETF: This ETF is a leveraged ETF which means the ETF attempts to produce daily returns above the benchmark index results based on a multiplier. In the case of this ETF, the multiplier is -2x (-200%). This means the ETF is seeking a daily target equal to -200% of the benchmark index.