Name of ETF: ProShares UltraShort Consumer Services
Benchmark Index: Dow Jones U.S. Consumer Services Index
Ticker Symbol: SCC
Approximate Number of Stocks in this ETF: 180
Daily Target: -2x
Leveraged-Short ETF: This ETF allows investors to take a leveraged bearish position against the U.S. consumer services sector. If the Dow Jones U.S. Consumer Services Index goes down, this ETF is designed to go up twice the amount the index went down. Conversely, if the Dow Jones U.S. Consumer Services Index goes up, this ETF is designed to go down twice the amount the index went up.
Types of Stocks Included in this ETF: A selection of large, mid and small-sized publicly traded U.S. companies which provide consumer services. Examples of these types of companies are:
- Walt Disney (DIS)
- Comcast Corporation (CMCSA)
- Home Depot (HD)
- Amazon (AMZN)
- McDonald’s (MCD)
- Starbucks (SBUX)
- Lowe’s (LOW)
- Time Warner (TWX)
- Nike (NKE)
Industries with the Most Representation: The types of companies that have the most representation (largest weight) in this ETF historically have been:
- Retailing
- Media
- Food and Staples Retailing
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