Name of ETF: ProShares UltraShort S&P 500
Benchmark Index: S&P 500
Ticker Symbol: SDS
Types of Companies Included: Companies in the S&P 500 Index.
Daily Target: -2x
Leveraged-Short ETF: This ETF allows investors to take a leveraged bearish position against the S&P 500. If the S&P 500 goes down, this ETF is designed to go up two times the amount the index went down. Conversely, if the S&P 500 goes up, this ETF is designed to go down two times the amount the index went up.
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