SIJProShares UltraShort Industrials
SIJ Fund Description
SIJ provides 2x inverse daily exposure to a market-cap-weighted index of industrial companies in the US.
SIJ Factset Analytics Insight
SIJ provides geared inverse (-2x) exposure to the Dow Jones Industrials Index (not to be confused with the well-known Dow Jones Industrial Average, a.k.a. “the Dow”). As the name implies, the underlying index has broad exposure to machinery, aerospace and industrial conglomerates in the US. Notably, SIJ is a tactical tool. Due to daily compounding, it’s unlikely to achieve its stated exposure and returns for longer than a 1-day period. The market-cap-weighted index undergoes annual reconstitution and quarterly review.
SIJ Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of SIJ. SIJ is rated a N/A out of 5.