SMN

ProShares UltraShort Materials

$14.56

+0.00%

Market closed. Last update: 11:55 AM ET

📎 Investment Objective

The ProShares UltraShort Materials ETF (SMN) seeks to provide daily investment results that correspond to twice the inverse (-2x) of the daily performance of the Dow Jones U.S. Basic Materials Index.

Overview

ETF tracking ProShares UltraShort Materials

Category Leveraged

Issuer ProShares

Inception Date 2008-11-12

Market Cap N/A

Average Volume N/A

Dividend Yield 4.86%

52-Week Range $12.94 - $20.86

VWAP $14.55

Performance

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Price Chart

Investment Summary

📎 Investment Objective

The ProShares UltraShort Materials ETF (SMN) seeks to provide daily investment results that correspond to twice the inverse (-2x) of the daily performance of the Dow Jones U.S. Basic Materials Index.

🎯 Investment Strategy

The fund uses swaps and other derivative instruments to achieve its investment objective. It does not invest directly in the securities that make up the underlying index.

✨ Key Features

Provides -2x daily leveraged exposure to the U.S. basic materials sector
Designed for short-term trading, not long-term buy-and-hold investing
Expense ratio of 0.00%
Low assets under management of $0

⚠️ Primary Risks

Significant daily rebalancing risk due to the leveraged nature of the fund
Potential for large losses if the underlying index rises in value
Lack of long-term performance history
Low trading volume and liquidity

👤 Best For

This ETF is best suited for experienced, risk-tolerant traders who seek short-term exposure to declining U.S. basic materials stocks. It is not recommended for long-term, buy-and-hold investors due to the compounding effects of daily leverage.