ProShares - UltraShort Consumer Discretionary
SCC
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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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
- Feb 2, 2007
- CIK
- 0001174610
- Website
- proshares.com
- Similar Companies
- Business
- ProShares UltraShort Consumer Discretionary (SCC) seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the S&P Consumer Discretionary Select Sector Index. The fund invests principally in derivatives, including swap agreements with major global financial institutions such as BNP Paribas, UBS AG, Societe Generale, and Goldman Sachs International, to obtain this inverse leveraged exposure; it also holds money market instruments like U.S. Treasury bills and repurchase agreements for cash balances. Launched on January 30, 2007, and listed on NYSE Arca, SCC is managed by ProShare Advisors LLC, a Bethesda, Maryland-based investment adviser founded in 1999 and part of ProShares Trust, headquartered at 7272 Wisconsin Avenue, 21st Floor, Bethesda, MD 20814. The S&P Consumer Discretionary Select Sector Index measures the performance of consumer discretionary companies within the S&P 500, spanning industries such as automobile components, automobiles, household durables, leisure products, textiles apparel and luxury goods, hotels restaurants and leisure, diversified consumer services, distributors, broadline retail, and specialty retail; these constituents, totaling around 50 companies as of September 30, 2025, are market capitalization-weighted with periodic rebalancing. SCC targets sophisticated investors seeking short-term bearish exposure to the U.S. consumer discretionary sector, with a net expense ratio of 0.95% after fee waivers through September 30, 2026, quarterly distributions, and options availability. ProShare Advisors maintains a portfolio turnover approach focused on daily rebalancing to align with the -2x daily target, regardless of market conditions, while utilizing a representative sample of index components or similar instruments when necessary. The fund operates within the leveraged and inverse ETF segment, serving institutional and retail investors through secondary market trading and authorized participants via creation units. Geographically, SCC provides exposure tied to U.S.-domiciled S&P 500 consumer discretionary firms, with no direct international operations beyond derivative counterparties. Recent developments include quarterly distributions declared in 2025, such as $0.2148 per share in September; ongoing fee waivers to cap expenses at 0.95%; and parent firm ProShares' strategic hires of three regional vice presidents in September 2025 to bolster distribution amid asset growth exceeding $95 billion. In April 2024, ProShares announced lineup changes involving the liquidation of select underperforming ETFs, though SCC continued operations unaffected. ProShares has expanded its broader ETF offerings with launches targeting 2x daily returns on single stocks like Coinbase, Nvidia, Palantir, and Tesla in September 2025, alongside recruitment for over two dozen roles to support growth.