Decline of the Retail Store ETF  - EMTY Decline of the Retail Store ETF

ProShares Decline of the Retail Store ETF seeks capital appreciation from the decline of bricks-and-mortar retailers through short exposure (-1x) to the Solactive-ProShares Bricks and Mortar Retail Store Index.

  • EMTY is the first ETF specifically designed to benefit from the decline of bricks-and-mortar retailers.
  • Physical retailers are under immense pressure. E-commerce is threatening to take over retail as consumer habits change, shopping moves online, and physical stores struggle to remain viable. With this disruption comes opportunity.
  • The Solactive-ProShares Bricks and Mortar Retail Store Index is the first comprehensive, public securities index composed solely of traditional retailers, and is positioned to potentially become an industry standard for measuring the health of bricks and mortar retailers.

This ProShares ETF seeks a return that is -1x the return of the index (target) for a single day, as measured from one NAV calculation to the next. Due to the compounding of daily returns, the fund’s returns over periods other than one day will likely differ in amount and possibly direction from the target return for the same period. Investors should monitor their holdings consistent with their strategies, as frequently as daily. For more on correlation, leverage and other risks, please read the prospectus.

  • Learn More about ProShares Retail Disruption ETFs.
  • Watch The Street interview with Simeon Hyman for more about the secular decline of bricks-and-mortar retailers.

Index/Benchmark Summary

To be included in the Solactive-ProShares Bricks and Mortar Retail Store Index, a retailer must be characterized as receiving at least 50% of its revenue from retail operations; receive 75% or more of its retail revenues from in-store sales; and be a U.S. company. In addition, a retailer must have a market capitalization of at least $500 million, a six-month daily average value traded of at least $1 million, and meet other requirements. The index is rebalanced monthly and reconstituted annually.

Click here to learn more about the index.

Fundamentals as of 3/29/18

Total Number of Companies 56
Price/Earnings Ratio 47.23
Price/Book Ratio 6.29
Average Index Market Capitalization $19.67 billion

Index Holdings Information as of 3/29/18

Index Companies Weight
FINISH LINE/THE - CL A 2.40%
CALERES INC 2.15%
DSW INC-CLASS A 2.12%
DILLARDS INC-CL A 2.09%
MACY'S INC 2.06%
SUPERVALU INC 2.06%
SEARS HOLDINGS CORP 2.04%
FIVE BELOW 2.02%
WEIS MARKETS INC 1.99%
DICK'S SPORTING GOODS INC 1.98%
BURLINGTON STORES INC 1.98%
TAILORED BRANDS INC 1.96%
BARNES & NOBLE INC 1.95%
GENESCO INC 1.95%
TJX COMPANIES INC 1.94%
CHICO'S FAS INC 1.94%
AMERICAN EAGLE OUTFITTERS 1.93%
CONN'S INC 1.91%
BUCKLE INC/THE 1.87%
COSTCO WHOLESALE CORP 1.84%
ROSS STORES INC 1.83%
ULTA BEAUTY INC 1.83%
KOHLS CORP 1.83%
SHERWIN-WILLIAMS CO/THE 1.83%
EXPRESS INC 1.80%
SALLY BEAUTY HOLDINGS INC 1.79%
LUMBER LIQUIDATORS HOLDINGS 1.79%
DOLLAR GENERAL CORP 1.79%
WALMART INC 1.78%
TRACTOR SUPPLY COMPANY 1.78%
BEST BUY CO INC 1.78%
BED BATH & BEYOND INC 1.77%
GAP INC/THE 1.77%
HOME DEPOT INC 1.76%
FOOT LOCKER INC 1.75%
TIFFANY & CO 1.74%
SPROUTS FARMERS MARKET INC 1.74%
CHILDREN'S PLACE INC/THE 1.73%
WALGREENS BOOTS ALLIANCE INC 1.73%
TARGET CORP 1.71%
ETHAN ALLEN INTERIORS INC 1.71%
NORDSTROM INC 1.68%
LOWE'S COS INC 1.67%
AUTOZONE INC 1.66%
DOLLAR TREE INC 1.65%
GNC HOLDINGS INC-CL A 1.62%
KROGER CO 1.62%
RITE AID CORP 1.49%
MICHAELS COS INC/THE 1.49%
GAMESTOP CORP-CLASS A 1.47%
L BRANDS INC 1.46%
BIG LOTS INC 1.42%
J.C. PENNEY CO INC 1.38%
SIGNET JEWELERS LTD 1.37%
SMART & FINAL STORES INC 1.36%
OFFICE DEPOT INC 1.29%

ProShares may invest in financial instruments (including derivatives) that, in combination, should have similar daily price return characteristics to the fund's benchmark.

Index Sector Weightings § Weight
Apparel Retail 30.57%
Specialty Stores 18.86%
Department Stores 11.08%
Food Retail 8.76%
General Merchandise Stores 6.56%
Home Improvement Retail 5.21%
Computer & Electronics Retail 5.15%
Hypermarkets & Super Centers 3.62%
Drug Retail 3.22%
Specialty Chemicals 1.83%
Show All

§ Sum of weightings may not equal 100% due to rounding.