ProShares UltraShort Communication Services Select Sector (YCOM)
ProShares UltraShort Communication Services Select Sector operates in the Asset Management - Leveraged industry of the Financial Services sector. The stock last traded at $15.09, down 0.80% on the session, giving a market capitalisation of $388,662. Its beta of 0.00 implies it has historically moved less than the broad market.
This fund aims to provide daily investment results, before considering fees and expenses, that equate to two times the inverse (-2x) of the daily performance of the S&P Communication Services Select Sector Index. Its primary investments will consist of financial derivatives and money market instruments. The fund's portfolio will concentrate its holdings within a particular industry or group of industries to a similar extent as the underlying index. This index specifically tracks the communication services companies within the S&P 500 Index. It is important to note that this fund operates as a non-diversified investment.
ProShares UltraShort Communication Services Select Sector is most often compared with the following Financial Services names: