SRTYProShares UltraPro Short Russell2000
SRTY Fund Description
SRTY provides 3x inverse exposure to a market-cap-weighted index of US small-cap companies.
SRTY Factset Analytics Insight
SRTY provides the most aggressive one-day bet against the Russell 2000 of the three ProShares inverse products that target the index. A broad small-cap index, the Russell 2000 doesn't really have massive exposure to any one sector or firm. Financials, industrials, tech, consumer cyclicals, and healthcare are all significant sectors in the index. As with most geared inverse products, SRTY is designed to provide its -3x exposure for one trading day, and anyone holding it for longer than a day will be exposed to the effects of compounding. These forces will cause the returns to drift away from the expected 3x inverse exposure over periods longer than a day. Investors should therefore plan to hold SRTY for no longer than one day, and if they do hold it for longer, they will need to adjust their investment on a daily basis. It charges an average fee for its exposure, but obviously most investors will be more concerned about trading costs. Fortunately, SRTY sees significant daily volume and generally small spreads. Note: The fund does have some counterparty risk, as the issuer uses swaps to get its exposure.
SRTY Charts And Performance
SRTY Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of SRTY. SRTY is rated a N/A out of 5.