SZKProShares UltraShort Consumer Goods
SZK Fund Description
SZK tracks the performance of companies that produce consumer goods such as autos, household products, cosmetics, food and tobacco.
SZK Factset Analytics Insight
SZK provides geared inverse (-2x) exposure to the Dow Jones US Consumer Goods Index. It charges 95 bps for holding swaps on the index and the iShares US Consumer Goods ETF (IYK). The underlying index has about 50% combined exposure to food and tobacco, and personal and household products and services, making SZK a leveraged bet against these two industries. It has a low amount in AUM, thus carrying a medium closure risk. Despite being the only inverse tool that targets US consumer goods sector, SZK is untradeable: It has virtually nonexistent liquidity at wide spreads. Institutions will not do much better even with the help of market makers. Note: SZK 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.
SZK CHARTS AND PERFORMANCE
SZK Summary Data
SZK Portfolio Data
SZK Index Data
SZK Fund Structure
SZK Tax Exposures
SZK Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of SZK. SZK is rated a N/A out of 5.