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 9/28/18

Total Number of Companies 56
Price/Earnings Ratio 16.56
Price/Book Ratio 2.55
Average Index Market Capitalization $21.26 billion

Index Holdings Information as of 9/28/18

Index Companies Weight
FOOT LOCKER INC 1.90%
AMERICAN EAGLE OUTFITTERS 1.86%
RITE AID CORP 1.86%
CHICO'S FAS INC 1.85%
DSW INC-CLASS A 1.85%
CALERES INC 1.85%
GAP INC/THE 1.84%
FIVE BELOW 1.84%
BUCKLE INC/THE 1.83%
TIFFANY & CO 1.83%
L BRANDS INC 1.82%
TAPESTRY INC 1.82%
ASCENA RETAIL GROUP INC 1.82%
CHILDREN'S PLACE INC/THE 1.82%
GENESCO INC 1.82%
BEST BUY CO INC 1.82%
OLLIE'S BARGAIN OUTLET HOLDI 1.82%
CATO CORP-CLASS A 1.82%
BURLINGTON STORES INC 1.82%
SIGNET JEWELERS LTD 1.82%
ULTA BEAUTY INC 1.82%
EXPRESS INC 1.82%
ROSS STORES INC 1.82%
TJX COMPANIES INC 1.81%
CONN'S INC 1.81%
TARGET CORP 1.80%
MACY'S INC 1.80%
WALGREENS BOOTS ALLIANCE INC 1.80%
BIG LOTS INC 1.80%
DOLLAR GENERAL CORP 1.80%
O'REILLY AUTOMOTIVE INC 1.80%
COSTCO WHOLESALE CORP 1.80%
TAILORED BRANDS INC 1.80%
SALLY BEAUTY HOLDINGS INC 1.80%
TRACTOR SUPPLY COMPANY 1.80%
AUTOZONE INC 1.79%
KOHLS CORP 1.79%
NORDSTROM INC 1.79%
HOME DEPOT INC 1.78%
LOWE'S COS INC 1.78%
KROGER CO 1.78%
SPROUTS FARMERS MARKET INC 1.78%
OFFICE DEPOT INC 1.78%
WALMART INC 1.76%
SHERWIN-WILLIAMS CO/THE 1.76%
DILLARDS INC-CL A 1.75%
ZUMIEZ INC 1.74%
MICHAELS COS INC/THE 1.74%
ETHAN ALLEN INTERIORS INC 1.73%
DICK'S SPORTING GOODS INC 1.72%
WEIS MARKETS INC 1.72%
DOLLAR TREE INC 1.71%
GAMESTOP CORP-CLASS A 1.70%
LUMBER LIQUIDATORS HOLDINGS 1.63%
J.C. PENNEY CO INC 1.55%
BED BATH & BEYOND INC 1.42%

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

Index Holdings as of 9/28/18

Index Sector Weightings § Weight
Apparel Retail 32.89%
Specialty Stores 16.12%
General Merchandise Stores 8.94%
Department Stores 8.68%
Computer & Electronics Retail 5.33%
Food Retail 5.28%
Home Improvement Retail 5.20%
Drug Retail 3.66%
Automotive Retail 3.60%
Hypermarkets & Super Centers 3.57%
Show All

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