ProShares UltraShort Consumer Discretionary (SCC)
ProShares UltraShort Consumer Discretionary operates in the Asset Management industry of the Financial Services sector, headquartered in Bethesda, MD, US. The stock last traded at $14.26, up 2.23% on the session, giving a market capitalisation of $6.4M. Its beta of -2.21 implies it has historically moved less than the broad market.
SCC provides 2x daily inverse exposure to a market cap-weighted index representing the consumer discretionary sector of the S&P 500. The underlying index, which is an S&P Select Sector Index, includes automobiles & components, consumer durables and apparel, consumer services, and retailing. As a levered product with daily resets, SCC is designed as a short-term trading tool and not a long-term investment vehicle. Due to daily compounding, its unlikely to achieve its stated exposure and returns for longer than a one-day period. Prior to March 20, 2023, the fund traded as the Proshares UltraShort Consumer Services and tracked the Dow Jones U.S. Consumer Services Index.
ProShares UltraShort Consumer Discretionary is most often compared with the following Financial Services names: