SCOMProShares UltraPro Short Communication Services Select Sector ETF
SCOM Fund Description
The UltraPro Short Communication Services Select Sector ETF provides -3x inverse exposure to a market-cap-weighted index of US large-cap companies in the telecommunications industry.
SCOM Factset Analytics Insight
SCOM provides daily inverse 3x exposure to the S&P Communication Services Select Sector Index—a constituency of telecommunications companies derived from the S&P 500. Although SCOM has a high expense ratio, consider that the fund is designed to be a short-term trading vehicle. SCOM rebalances daily and, as a result, compounding and path dependency lead to a lack of predictability in the fund's long-term returns.
SCOM Charts And Performance
SCOM Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of SCOM. SCOM is rated a N/A out of 5.