ProShares S&P 500 Bond ETF (SPXB)
ProShares S&P 500 Bond ETF operates in the Asset Management industry of the Financial Services sector, headquartered in Bethesda, MD, US. The stock last traded at $73.19, up 0.23% on the session, giving a market capitalisation of $9.1M. Its beta of 1.32 implies it has historically moved more than the broad market.
This ETF's underlying index is composed exclusively of high-quality corporate debt. These debt instruments are issued solely by companies that are constituents of the S&P 500. The fund is managed by ProShare Advisors, which aims to replicate the performance of this benchmark by investing in securities believed to track it accurately. Typically, the ETF will allocate a minimum of 80% of its total assets to the same component bonds that make up the index.
ProShares S&P 500 Bond ETF is most often compared with the following Financial Services names: