ProShares RAFI Long/Short (RALS)
ProShares RAFI Long/Short operates in the Asset Management - Leveraged industry of the Financial Services sector, headquartered in Bethesda, MD, US. The stock last traded at $33.18, down 0.20% on the session, giving a market capitalisation of $6.7M. Its beta of 0.00 implies it has historically moved less than the broad market.
This fund, managed by ProShare Advisors, invests in a combination of financial instruments designed to mirror the performance of its underlying index. This index, upon each rebalancing, maintains an equal dollar allocation between its long and short equity exposures. A "long" position, in this context, refers to holding an asset with the anticipation that its market value will appreciate. It's important to note that this fund is non-diversified.
ProShares RAFI Long/Short is most often compared with the following Financial Services names: