SKFProShares UltraShort Financials
SKF Fund Description
SKF provides 2x inverse exposure to a market-cap-weighted index of US financial services companies.
SKF Factset Analytics Insight
SKF provides -2x exposure to the Dow Jones US Financials Index—a market-cap-weighted index of US financial firms as classified by Dow Jones. As you'd expect, that makes SKF a bet against some of the giants of US banking, insurance, real estate, and investment: Berkshire Hathaway, JPMorgan Chase, Wells Fargo, and Bank of America, among others. SKF isn't designed to be a long-term investment product because of its daily rebalance. As a result, compounding and path dependency lead to a lack of predictability in the fund's long-term returns—especially when compared with its beta cousin, IYF. SKF gets the added exposure by using derivatives and money market instrument.
SKF Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of SKF. SKF is rated a N/A out of 5.