- CEO
- Andrej Zubicki
- Full Time Employees
- 3,755
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 7501 Wisconsin Avenue, Suite 1000E Bethesda MD United States of America 20814
- IPO Date
- Feb 1, 2007
- Business
- ProShares UltraShort Industrials (SIJ), issued by ProShares Trust and managed by ProShare Advisors LLC, seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the S&P Industrial Select Sector Index; the fund employs derivatives including total return swaps with counterparties such as UBS AG, Bank of America NA, Goldman Sachs International, Societe Generale, and BNP Paribas to achieve its leveraged inverse exposure to the U.S. industrials sector, which encompasses companies in aerospace & defense, building products, construction & engineering, electrical equipment, industrials conglomerates, machinery, trading companies & distributors, commercial services & supplies, professional services, air freight & logistics, passenger airlines, marine transportation, ground transportation, and transportation infrastructure according to the Global Industry Classification Standard (GICS). The ETF, with a net expense ratio of 0.95% (gross 6.92% with contractual waiver through September 30, 2026), quarterly distributions, and options availability, trades on NYSE Arca under ticker SIJ (intraday SIJ.IV; CUSIP 74349Y555) and targets sophisticated investors seeking tactical short exposure to industrials amid market volatility, cyclical revenues, governmental policies, fuel prices, labor relations, and supply-demand fluctuations affecting the sector. ProShares, founded in 2006 as part of the ProFunds Group (established 1997) and headquartered in Bethesda, Maryland, operates globally with over $90-100 billion in assets under management across its lineup of geared (leveraged and inverse), dividend growth, interest rate hedged bond, high income, and crypto-linked ETFs distributed by SEI Investments Distribution Co.
In June 2025, SIJ underwent a 1:2 reverse share split effective prior to market open on June 12, 2025, resulting in a new CUSIP (74349Y555 from 74347G598) while retaining its ticker symbol, as part of ProShares' broader ETF lineup adjustments including forward and reverse splits on multiple funds to optimize share prices and liquidity. ProShares has continued expanding its offerings, launching leveraged ETFs targeting 2x daily returns of Coinbase and Nvidia, Ultra Solana ETF (SLON) and Ultra XRP ETF, and a groundbreaking suite of Dynamic Buffer ETFs in June 2025 with patent-pending downside protection methodologies; earlier in 2023, the firm aligned benchmarks for 53 geared sector funds, including industrials, to S&P Select Sector Indices. These developments reflect ProShares' ongoing innovation in tactical ETF strategies amid evolving market demands, with SIJ maintaining its focus on inverse industrials exposure as of December 2025 NAV pricing around $11.26 and assets under $1.3 million.