CLIXProShares Long Online/Short Stores ETF
CLIX Fund Description
CLIX tracks a fixed-selection, tier-weighted index of both long and short positions in US-listed securities.
CLIX Factset Analytics Insight
CLIX is founded on the premise that the brick-and-mortar retail industry will wither under pressure from online shopping. The fund provides 100% long exposure to online retailers and 50% short exposure to traditional in-store retailers. (Note that this gives CLIX only 50% long beta exposure to the broader retail industry.) The underlying index is actually built from two sub-indexes, one long and one short. To be included in the longs, a company must draw none of its revenue from physical stores and must be listed on a US exchange, though it is not required to be a US company. Long constituents are market-cap-weighted. For the shorts, in-store sales need to account for at least 75% of revenue, with the same US exchange requirements as the longs. Short positions are equally weighted. CLIX gains its short exposure through the use of swaps.
CLIX MSCI ESG Analytics Insight
ProShares Long Online/Short Stores ETF has an MSCI ESG Fund Rating of BB based on a score of 3.23 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.
The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. ProShares Long Online/Short Stores ETF ranks in the 5th percentile within its peer group and in the 1st percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
CLIX Summary Data
CLIX Portfolio Data
CLIX Index Data
CLIX Portfolio Management
CLIX Tax Exposures
CLIX Fund Structure
CLIX Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of CLIX. CLIX is rated a 4 out of 5.
CLIX Sector/Industry Breakdown
CLIX Economic Development
CLIX Performance Statistics
CLIX MSCI ESG Ratings
CLIX Benchmark Comparison Summary
CLIX Benchmark Comparison Market Cap Size