Name of ETF: ProShares Short High Yield
Benchmark Index: Markit iBoxx $ Liquid High Yield Index
Ticker Symbol: SJB
Types of Bonds Included: High yield corporate bonds.
Daily Target: -1x (inverse daily performance of index).
Short ETF: This ETF attempts to produce investment results in the opposite direction of the index. If the Markit iBoxx $ Liquid High Yield Index goes up, the ETF is designed to go down. If the Markit iBoxx $ Liquid High Yield Index goes down, the ETF is designed to go up.
Related Links: