ProShares - UltraShort Financials
SKF
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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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
- Feb 1, 2007
- CIK
- 0001174610
- Website
- proshares.com
- Similar Companies
- Business
- ProShares UltraShort Financials (SKF) seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the S&P Financial Select Sector Index. The fund provides leveraged inverse exposure to U.S. financial companies included in the S&P 500, including those in banks; diversified financial services; consumer finance; capital markets; mortgage real estate investment trusts; and insurance sectors, through derivatives such as swap agreements with major global financial institutions including BNP Paribas, JPMorgan Chase Bank NA, Citibank NA, Goldman Sachs International, Bank of America NA, UBS AG, Societe Generale, and Barclays Capital; money market instruments such as U.S. Treasury bills and repurchase agreements. The fund invests principally in financial instruments that, in combination, produce daily returns consistent with its objective, rebalancing daily to maintain exposure without regard to market conditions, and holds net other assets or liabilities as needed. Launched on January 30, 2007 and listed on NYSE Arca, the fund is part of ProShares Trust, managed by ProShare Advisors LLC and domiciled in Bethesda, Maryland, with headquarters at 7272 Wisconsin Avenue. It targets investors seeking short-term trading strategies for hedging or speculation against financial sector declines, with a net expense ratio of 0.95% after fee waivers through September 30, 2026 and quarterly distributions. In recent developments, ProShares executed a reverse stock split for SKF before market open on November 7, 2024, adjusting share structure amid ongoing market volatility. ProShares has expanded its product lineup with launches including the Ultra Solana ETF (SLON) and Ultra XRP ETF (UXRP) in July 2025 using futures contracts for 2x daily exposure, its first interval fund focused on private equity strategies such as buyout, growth, and secondaries in October 2025, and the Ultra CRCL ETF in August 2025 for 2x daily performance of Circle stock. These initiatives reflect ProShares' continued innovation in leveraged, inverse, and alternative ETFs amid growing demand for crypto-related and private market exposures.