- Sector
- Financial Services
- Industry
- Asset Management - Leveraged
- Address
- 7501 Wisconsin Avenue, Suite 1000E Bethesda MD United States of America 20814
- IPO Date
- Feb 11, 2010
- Business
- ProShares UltraPro Short Russell2000 (SRTY) seeks daily investment results that correspond to three times the inverse (-3x) of the daily performance of the Russell 2000 Index, which measures the small-cap segment of the U.S. equity market comprising approximately 2,000 companies weighted by market capitalization; the fund employs derivatives including swaps and futures to achieve its leveraged inverse objectives, with a net expense ratio of 0.95% and options trading availability. Launched on February 9, 2010, and domiciled in the United States, SRTY forms part of ProShares' extensive lineup of leveraged and inverse ETFs offered through ProShare Advisors LLC, headquartered at 7272 Wisconsin Avenue in Bethesda, Maryland. ProShares, established in 2006 as a pioneer in the ETF space, manages over $95 billion in assets across strategies including dividend growth, high income, interest rate-hedged bonds, crypto-linked products, and geared ETFs targeting sophisticated investors seeking to hedge downturns or profit from market declines.
The firm operates primarily in the U.S. market, distributing its ETFs nationwide through SEI Investments Distribution Co., and serves financial advisors, institutional investors, and retail traders with products focused on tactical opportunities in equities, fixed income, commodities, and cryptocurrencies. In recent developments, ProShares strengthened its distribution capabilities in September 2025 by hiring three industry veterans—Chad Brand, Mike Hart, and Matt Zorumski—as Regional Vice Presidents to cover key U.S. regions including Florida, enhancing support for financial advisors amid business expansion. Earlier in 2025, the company launched innovative products such as the first interval fund with private equity exposure in October, 2x leveraged ETFs for Solana (SLON) and XRP (UXRP) in July following NYSE Arca approval, and a groundbreaking suite of dynamic buffer ETFs in June that automatically adjust protection based on market volatility. Additionally, ProShares announced forward share splits for eight ETFs including select Ultra products effective November 20, 2025, and surpassed $100 billion in assets under management in October 2025, reflecting robust growth and a new office expansion in New York. No major acquisitions, funding rounds, or reorganizations for ProShares or SRTY were reported in the last 1-2 years.