ProShares Managed Futures Strategy ETF (FUT)
ProShares Managed Futures Strategy ETF operates in the Asset Management industry of the Financial Services sector, headquartered in Bethesda, MD, US. The stock last traded at $41.93, up 0.13% on the session, giving a market capitalisation of $8.2M. Its beta of -0.10 implies it has historically moved less than the broad market.
Generally, this fund allocates its capital across futures agreements tied to commodities, foreign exchange rates, and U.S. government debt under typical market circumstances. The fund's manager seeks to profit from discernible trends, whether positive or negative, in the pricing of these derivative instruments. In addition, the fund maintains highly liquid assets, including short-dated U.S. Treasury notes or other high-grade, short-term debt instruments. These serve either as direct investments or as security for its futures commitments. The portfolio is not broadly diversified.
ProShares Managed Futures Strategy ETF is most often compared with the following Financial Services names: