ProShares CDS Short North American HY Credit ETF
WYDE
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- ProShares CDS Short North American HY Credit ETF (WYDE) is an exchange-traded fund that seeks short exposure to the credit of North American high yield debt issuers through investments in credit default swaps, including primary holdings in CDX NA HY Swap Series 24 and CDX NA HY Swap Series 23; cash equivalents; and related derivatives. The actively managed ETF, with an expense ratio of 0.50% and assets under management of approximately $7.87 million, operates in the alternatives asset class within the hedge fund sub-category and targets investors seeking inverse performance to North American high yield credit markets. Launched on August 5, 2014 by ProShares, headquartered in Bethesda, Maryland, the fund trades on U.S. exchanges and pays quarterly dividends. In a significant operational change, ProShares closed and liquidated WYDE on August 14, 2019, distributing $31.5061 per share to shareholders as part of a broader ETF lineup rationalization announced in June 2019. ProShares, founded in 1999 and a leader in geared, leveraged, and inverse ETFs managing over $95 billion in assets, has since focused on innovations such as dividend growth strategies, interest rate hedged bonds, and crypto-linked products, with recent developments including key distribution hires in September 2025 and the launch of its first interval fund with private equity exposure in October 2025.