ProShares - Decline of the Retail Store ETF (EMTY)
ProShares - Decline of the Retail Store ETF operates in the Asset Management industry of the Financial Services sector, headquartered in Bethesda, MD, US. The stock last traded at $23.15, up 0.57% on the session, giving a market capitalisation of $2.9M. Its beta of -0.88 implies it has historically moved less than the broad market.
This ProShares Exchange Traded Fund (ETF) aims to generate capital appreciation by capitalizing on the struggles of traditional, physical retail stores. It does this by offering inverse exposure, or essentially "shorting," the Solactive-ProShares Bricks and Mortar Retail Store Index, meaning its value is expected to rise as the index declines.
ProShares - Decline of the Retail Store ETF is most often compared with the following Financial Services names: