ProShares - Long Online/Short Stores ETF (CLIX)
ProShares - Long Online/Short Stores ETF operates in the Asset Management industry of the Financial Services sector, headquartered in Bethesda, MD, US. The stock last traded at $59.85, down 1.23% on the session, giving a market capitalisation of $6.9M. Its beta of 0.92 implies it has historically moved less than the broad market.
Managed by ProShare Advisors, this ETF invests in financial instruments intended to replicate the performance of a specific benchmark. The underlying index strategically takes long positions in e-commerce companies, specifically those listed in the ProShares Online Retail Index. Simultaneously, it establishes short positions in conventional brick-and-mortar retailers, drawing from the Solactive-ProShares Bricks and Mortar Retail Store Index. This fund operates with a non-diversified investment approach.
ProShares - Long Online/Short Stores ETF is most often compared with the following Financial Services names: