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.

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 9/30/19

Total Number of Companies 48
Price/Earnings Ratio 10.54
Price/Book Ratio 2.24
Average Index Market Capitalization $28.27 billion

Index Holdings Information as of 9/30/19

Index Companies Weight
Dillard's Inc.-Class A 2.28%
Bed Bath & Beyond Inc. 2.27%
Ulta Beauty Inc. 2.19%
GameStop Corp.-Class A 2.19%
L Brands Inc. 2.18%
Foot Locker Inc. 2.17%
Office Depot Inc. 2.15%
Zumiez Inc. 2.14%
DICK'S Sporting Goods Inc. 2.13%
Best Buy Co. Inc. 2.11%
Tapestry Inc. 2.11%
Ethan Allen Interiors Inc. 2.10%
Ross Stores Inc. 2.09%
Walgreens Boots Alliance Inc. 2.09%
Home Depot Inc. 2.09%
Dollar Tree Inc. 2.08%
Big Lots Inc. 2.08%
Sherwin-Williams Co./The 2.08%
O'Reilly Automotive Inc. 2.08%
Michaels Cos. Inc./The 2.07%
Tiffany & Co. 2.07%
Signet Jewelers Ltd. 2.07%
Gap Inc./The 2.07%
TJX Cos. Inc. 2.07%
Macy's Inc. 2.06%
Burlington Stores Inc. 2.06%
Target Corp. 2.06%
Dollar General Corp. 2.06%
Costco Wholesale Corp. 2.06%
Conn's Inc. 2.06%
Tractor Supply Co. 2.06%
Kroger Co. 2.06%
Walmart Inc. 2.06%
Buckle Inc./The 2.05%
Genesco Inc. 2.05%
Kohl's Corp. 2.05%
Weis Markets Inc. 2.05%
Caleres Inc. 2.04%
AutoZone Inc. 2.04%
Lowe's Cos. Inc. 2.04%
Sprouts Farmers Market Inc. 2.04%
American Eagle Outfitters Inc. 2.04%
Sally Beauty Holdings Inc. 2.04%
BJ's Wholesale Club Holdings Inc. 2.03%
Designer Brands Inc.-Class A 2.02%
Five Below 2.01%
Children's Place Inc./The 2.01%
Ollie's Bargain Outlet Holdings Inc. 1.98%

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 9/30/19

Index Sector Weightings § Weight
Apparel Retail 26.98%
Specialty Stores 18.79%
General Merchandise Stores 10.27%
Department Stores 6.40%
Computer & Electronics Retail 6.35%
Food Retail 6.15%
Hypermarkets & Super Centers 6.15%
Home Improvement Retail 4.14%
Automotive Retail 4.12%
Homefurnishing Retail 2.27%
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§ Sum of weightings may not equal 100% due to rounding.