Vmbook Online ordering

Proshares Ultrashort Financials

ProShares UltraShort Financials (SKF) is a publicly traded exchange-traded fund (ETF) in the United States that aims to provide inverse exposure to the daily performance of the Dow Jones U.S. Financials Index. The fund seeks to deliver twice the opposite (or -200%) of the daily performance of the index, meaning it is designed to move in the opposite direction of the financial sector.

Here are some general details about ProShares UltraShort Financials:

1. **Ticker Symbol:** SKF

2. **Exchange:** New York Stock Exchange (NYSE) Arca

3. **Net Assets:** $253.38 million (as of Jan 31, 2023)

4. **Dividend Yield:** 0.04% (as of Jan 31, 2023)

5. **Expense Ratio:** 0.95%

6. **Inception Date:** June 25, 2007

ProShares UltraShort Financials is a popular investment choice for traders and investors who aim to profit when the financial sector is underperforming or in a bear market. However, it is essential to understand that SKF is a leveraged ETF, meaning it aims to deliver double the inverse daily performance of the index. As a result, the fund may experience significant losses during a market rebound. Therefore, SKF and similar inverse or leveraged ETFs are typically recommended for active traders and short-term investors.

As always, it's crucial to conduct thorough research and consider your financial goals, risk tolerance, and investment horizon when investing in financial products like ProShares UltraShort Financials (SKF). It's highly recommended that you consult with a financial advisor or other qualified financial professionals before making investment decisions.