ProShares UltraShort S&P500 SDS

ProShares UltraShort S&P500 ETF tracks the inverse daily performance of the 500 large companies listed on stock exchanges in the United States. Managed by ProShares Advisors, this ETF was established in 2006.

The ProShares UltraShort S&P500 ETF fund’s primary goal is to replicate 200% of the inverse daily investment results of the S&P 500 Index. This index provides a general gauge of the US stock market’s performance. The base currency of this fund is USD. Generally, the fund invests at least 80% of its total assets in financial instruments, such as swap agreements and securities of the index that provide daily leveraged exposure to the index.

Available on the NYSE Arca, stock for the ProShares UltraShort S&P500 ETF is listed under the ticker SPHD. As of April 2022, this ETF had total net assets of $3.39bn. This fund includes investments across a wide range of sectors, including information technology, healthcare, consumer discretionary, financials and communication services. This fund is considered to be non-diversified. As of 13 April 2022, some of the fund’s top holdings included S&P 500 Index Swap Bank of America NA, S&P 500 Index Swap Bnp Paribas, S&P 500 Index Swap Citibank NA and S&P 500 Index Swap Societe Generale.

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