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$12.60
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1 mg
Description
ProShares Trust - ProShares UltraShort Utilities is an exchange traded fund launched and managed by ProShare Advisors LLC. It invests in public equity markets of the United States. The fund invests through derivatives in stocks of companies operating across utilities electric, gas, water utilities; and independent power and renewable electricity producer sectors. The fund employs short strategy and uses derivatives such as swaps to create its portfolio. It invests in growth and value stocks of companies across diversified market capitalization. It seeks to track -2x the daily performance of the S&P Utilities Select Sector Index.
