ProShares UltraShort Consumer Staples (SZK) is an exchange-traded fund that seeks daily investment results, before fees and expenses, corresponding to two times the inverse (-2x) of the daily performance of the S&P Consumer Staples Select Sector Index. The fund employs a short strategy utilizing derivatives such as swaps with counterparties including Bank of America NA, UBS AG, Goldman Sachs International and Societe Generale to achieve its investment objective; it distributes dividends quarterly and offers options trading availability. Launched on January 30, 2007, and managed by ProShare Advisors LLC under ProShares Trust, the ETF is domiciled in the United States with headquarters in Bethesda, Maryland, and primarily serves sophisticated investors seeking tactical short-term exposure to the consumer staples sector, which encompasses industries like consumer staples distribution and retail, beverages, food products, tobacco, household products, and personal care products. As of December 16, 2025, the fund reports a net expense ratio of 0.95% (with contractual waiver through September 30, 2026), net assets of approximately $760,000, NAV of $12.54, and trading on NYSE Arca. Recent developments include ongoing quarterly distributions in 2025, such as $0.2577, $0.1641, $0.1822 and $0.1235 per share, alongside ProShares' broader ETF lineup adjustments like share splits effective November 20, 2025, and a December 2025 withdrawal of certain highly leveraged ETF filings amid SEC review, with no indications of liquidation or major strategic shifts specific to SZK.