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 9/30/20

Total Number of Companies 45
Price/Earnings Ratio 0.00
Price/Book Ratio 2.19
Average Index Market Capitalization $34.9 billion

Index Holdings Information as of 9/30/20

Index Companies Weight
ODP Corp. 2.32%
Ross Stores Inc. 2.32%
Camping World Holdings Inc. 2.30%
Best Buy Co. Inc. 2.29%
L Brands Inc. 2.29%
TJX Cos. Inc. 2.29%
Gap Inc./The 2.28%
Ingles Markets Inc. 2.28%
Lowe's Cos. Inc. 2.27%
AutoZone Inc. 2.27%
O'Reilly Automotive Inc. 2.27%
Costco Wholesale Corp. 2.26%
DICK's Sporting Goods Inc. 2.26%
Children's Place Inc./The 2.26%
BJ's Wholesale Club Holdings Inc. 2.26%
Home Depot Inc. 2.26%
Burlington Stores Inc. 2.26%
Ulta Salon Cosmetics & Fragrance Inc. 2.26%
American Eagle Outfitters Inc. 2.26%
Bed Bath & Beyond Inc. 2.25%
Signet Jewelers Ltd. 2.25%
Tractor Supply Co. 2.25%
Michaels Cos. Inc./The 2.24%
Zumiez Inc. 2.24%
Grocery Outlet Holding Corp. 2.23%
Dollar Tree Inc. 2.23%
Target Corp. 2.23%
Walmart Inc. 2.23%
Walgreens Boots Alliance Inc. 2.22%
Kroger Co. 2.21%
Foot Locker Inc. 2.20%
Dollar General Corp. 2.20%
Weis Markets Inc. 2.20%
Buckle Inc./The 2.19%
Tiffany & Co. 2.19%
Sherwin-Williams Co./The 2.18%
Sprouts Farmers Market Inc. 2.18%
Ollie's Bargain Outlet Holdings Inc. 2.18%
Five Below Inc. 2.14%
Big Lots Inc. 2.09%
Tapestry Inc. 2.09%
Kohl's Corp. 2.08%
Sally Beauty Holdings Inc. 2.08%
Rite Aid Corp. 2.07%
Macy's Inc. 2.07%

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 9/30/20

Index Sector Weightings § Weight
Apparel Retail 22.59%
Specialty Stores 20.00%
Food Retail 11.10%
General Merchandise Stores 10.93%
Automotive Retail 6.84%
Hypermarkets & Super Centers 6.75%
Home Improvement Retail 4.53%
Drug Retail 4.29%
Department Stores 4.15%
Computer & Electronics Retail 2.29%
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§ Sum of weightings may not equal 100% due to rounding.