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Proshares Ultrashort Msci Japan

**Company Name:** ProShares UltraShort MSCI Japan (ETF)

**Ticker Symbol:** SJO

**Exchange:** New York Stock Exchange (NYSE)

**Sector:** Financial Services

**Industry:** Exchange-Traded Funds (ETFs)

**Website:** https://www.proshares.com/funds/sjo

**Inception Date:** October 12, 2006

**Fund Objective:** To provide -2x (two times) the daily inverse performance of the MSCI Japan Index.

**Investment Strategy:**

* Invests in futures contracts and other financial instruments that provide short exposure to the MSCI Japan Index.

* Uses leverage to magnify the inverse performance.

**Key Features:**

* **Inverse ETF:** Provides opposite exposure to the Japanese stock market.

* **2x Leverage:** Amplifies the daily return of the index by a factor of -2.

* **Short-Term Trading:** Designed for short-term trading and hedging strategies.

* **Daily Reset:** The inverse exposure is reset daily, providing a fresh opportunity to capitalize on market fluctuations.

**Performance:**

* **Historical Returns:** The fund has historically provided negative returns in rising markets and positive returns in declining markets.

* **Volatility:** The fund's volatility is typically higher than the underlying index.

* **Expense Ratio:** 0.95%

**Suitability:**

* Suitable for investors with a high risk tolerance and a short-term trading horizon.

* Not suitable for long-term investments or as a core holding.

* May be used as a hedging tool to offset exposure to the Japanese stock market.

**Additional Information:**

* The fund is actively managed by ProShares Advisors LLC.

* The fund is domiciled in the United States.

* The fund is subject to dividend distributions, which may impact the fund's performance.