Company Name:: ProShares UltraShort Basic Materials
Benchmark Index: Dow Jones U.S. Basic Materials Index
Ticker Symbol: SMN
Types of Stocks Included in the Index: Large and mid-sized U.S. companies in the basic materials sector.
Daily Target: -2x
Leveraged-Short ETF: This ETF allows investors to take a leveraged bearish position against the U.S. basic materials sector. If the Dow Jones U.S. Basic Materials Index goes down, this ETF is designed to go up twice the amount the index went down. Conversely, if the Dow Jones U.S. Basic Materials Index goes up, this ETF is designed to go down twice the amount the index went up.
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