ProShares - Short SmallCap600
SBB
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Leveraged
- Address
- 7501 Wisconsin Avenue, Suite 1000E Bethesda MD United States of America 20814
- IPO Date
- Jan 25, 2007
- CIK
- 0001174610
- Website
- proshares.com
- Similar Companies
- Business
- ProShares Short SmallCap600 (SBB) is an exchange-traded fund that seeks daily investment results, before fees and expenses, corresponding to the inverse (-1x) of the daily performance of the S&P SmallCap 600 Index, a float-adjusted, market capitalization-weighted index tracking 600 small-cap U.S. operating companies and real estate investment trusts selected for liquidity, market capitalization, financial viability, and public float; the fund invests principally in derivatives such as swap agreements with major global financial institutions including Bank of America NA, UBS AG, Citibank NA, and Societe Generale, supplemented by money market instruments like U.S. Treasury bills and repurchase agreements, while maintaining at least 80% inverse exposure to Index components or similar instruments and rebalancing daily to align with its target. Launched on January 23, 2007, and managed by ProShare Advisors LLC since its inception—with senior portfolio manager Michael Neches overseeing since October 2013 and Devin Sullivan since April 2018—SBB lists on NYSE Arca with ticker SBB (CUSIP 74348A376), quarterly distributions, options availability, a net expense ratio of 0.95% (after waivers through September 30, 2026), and NAV calculated at 4:00 p.m. ET. The fund, part of ProShares Trust (Investment Company Act file number 811-21114), targets investors seeking short exposure to U.S. small-cap equities across diversified sectors including financials and industrials, operates in the United States with a focus on growth and value small-cap stocks, and maintains a non-diversified portfolio emphasizing daily performance over longer periods where volatility and compounding may cause deviation from the -1x target. Headquartered at 7272 Wisconsin Avenue, 21st Floor, Bethesda, Maryland 20814, ProShare Advisors LLC, founded in 1999, oversees SBB amid ongoing expense waivers and a recent prospectus update dated September 26, 2025, alongside a quarterly distribution declaration of $0.1763 per share in December 2024 and ProShares' broader launches of new futures-based cryptocurrency-tracking funds in April 2025, reflecting strategic expansion into alternative asset classes.