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ETF
ProShares Trust - ProShares UltraShort Utilities is an exchange traded fund launched and managed by ProShare Advisors LLC. It invests in public equity markets of the United States. The fund invests through derivatives in stocks of companies operating across utilities sectors. The fund employs short strategy and uses derivatives such as swaps to create its portfolio. It invests in growth and value stocks of companies across diversified market capitalization. It seeks to track -2x the daily performance of the Dow Jones U.S. Utilities Index, by using synthetic replication technique. ProShares Trust - ProShares UltraShort Utilities was formed on January 30, 2007 and is domiciled in the United States.
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