Name of ETF: ProShares UltraShort SmallCap 600
Benchmark Index: S&P SmallCap 600
Ticker Symbol: SDD
Types of Companies Included: A broad selection of U.S. small-cap stocks included in the S&P SmallCap 600 Index.
Daily Target: (-2x)
Short ETF: This ETF attempts to produce investment results in the opposite direction of the index. If the S&P SmallCap 600 Index goes up, the ETF is designed to go down. If the S&P SmallCap 600 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 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 -2x of the daily performance the S&P SmallCap 600 index.
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