a play should financials take a dipno idea if this will happen, just lines on the screen. not financial advice
Key stats
About ProShares UltraShort Financials
Expense ratio
0.95%
Home page
Inception date
Jan 30, 2007
SKF provides -2x leveraged exposure to the S&P Financial Select Sector Index, a market cap-weighted index of US financial companies drawn exclusively from the S&P 500. The index includes the following GICS industries: banks, financial services, consumer finance, capital markets, mortgage real estate investment trusts (REITs), and insurance. SKF is designed as a short-term trading vehicle, not a long-term investment. It holds swap agreements and resets on a daily basis. As a result, long-term returns could materially differ from those of the underlying index due to daily compounding. Prior to March 20, 2023, the fund tracked the Dow Jones US Financials Index.
Classification
What's in the fund
Exposure type
Government
Cash
Bonds, Cash & Other100.00%
Government71.52%
Cash28.48%
SKF nice way to play FEDProShares UltraShort Financials, SKF is right now my play with FED, buy position, 1:3 R/R
Ultrashort Financial Proshares gaining strenghtUltrashort finanancial Proshares (SKF) could move higher tomorrow May 2014. A trade above the recent pivot high would confirm the study and project towards the bull median line.
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Displays a symbol's price movements over previous years to identify recurring trends.