ProShares UltraPro Short Financial Select Sector (FINZ)
ProShares UltraPro Short Financial Select Sector operates in the Asset Management - Leveraged industry of the Financial Services sector. The stock last traded at $6.12, up 6.07% on the session, giving a market capitalisation of $4.5M. Its beta of -2.60 implies it has historically moved less than the broad market.
This investment product aims to achieve daily financial outcomes, before any associated fees and costs, that move in the opposite direction and at three times the magnitude (-3x) of the daily performance of the S&P Financial Select Sector Index. To accomplish this, the fund utilizes various financial instruments, which ProShare Advisors believes, when combined, should consistently deliver returns aligned with this objective. The S&P Financial Select Sector Index itself measures the performance of companies belonging to the financial industry group within the larger S&P 500 Index. Notably, this particular fund is characterized as non-diversified.
ProShares UltraPro Short Financial Select Sector is most often compared with the following Financial Services names: