ProShares UltraPro Short Communication Services Select Sector
SCOM
New York Stock Exchange Arca- -
USD
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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
- United States of America
- IPO Date
- Jan 15, 2019
- Similar Companies
- Business
- ProShares UltraPro Short Communication Services Select Sector (SCOM) is an exchange-traded fund that seeks daily investment results, before fees and expenses, corresponding to three times the inverse (-3x) of the daily performance of the S&P Communication Services Select Sector Index. The fund invests principally in financial instruments including derivatives such as swap agreements, futures contracts, and options, as well as money market instruments, to achieve its leveraged inverse exposure to the communication services sector of the S&P 500 Index; it concentrates its investments in issuers within this industry group, including companies engaged in telecommunications, media, entertainment, and internet services. Launched on January 15, 2019, SCOM operates primarily in the United States financial markets, targeting sophisticated investors, traders, and institutions seeking tactical short exposure to the communication services sector. Headquartered in Bethesda, Maryland, as part of ProShares Trust managed by ProShare Advisors LLC, the fund benefits from the broader ProShares platform, which pioneered leveraged and inverse ETFs since 2006. In recent developments, ProShares announced multiple ETF share splits in May 2025, including reverse splits effective June 12, 2025, for various funds to adjust share prices and maintain trading efficiency, though SCOM was not explicitly listed among them; the firm also surpassed $100 billion in assets under management and strengthened distribution through key hires in 2025. These operational adjustments reflect ProShares' ongoing strategy to innovate and manage its extensive lineup of over 140 geared ETFs amid evolving market conditions.