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 12/31/19

Total Number of Companies 48
Price/Earnings Ratio 12.75
Price/Book Ratio 2.69
Average Index Market Capitalization $28.93 billion

Index Holdings Information as of 12/31/19

Index Companies Weight
Michaels Cos. Inc./The 2.76%
GameStop Corp.-Class A 2.31%
Signet Jewelers Ltd. 2.17%
Zumiez Inc. 2.14%
Office Depot Inc. 2.14%
Five Below 2.14%
DICK's Sporting Goods Inc. 2.13%
Macy's Inc. 2.11%
Dollar Tree Inc. 2.10%
Buckle Inc./The 2.09%
Big Lots Inc. 2.09%
Designer Brands Inc.-Class A 2.08%
Sally Beauty Holdings Inc. 2.08%
Tractor Supply Co. 2.08%
Dillard's Inc.-Class A 2.08%
Burlington Stores Inc. 2.07%
Ulta Beauty Inc. 2.07%
BJ's Wholesale Club Holdings Inc. 2.07%
Ethan Allen Interiors Inc. 2.07%
Caleres Inc. 2.07%
American Eagle Outfitters Inc. 2.07%
Ross Stores Inc. 2.07%
Dollar General Corp. 2.06%
TJX Cos. Inc. 2.06%
Kroger Co. 2.06%
Bed Bath & Beyond Inc. 2.06%
Sherwin-Williams Co./The 2.06%
Walgreens Boots Alliance Inc. 2.06%
Lowe's Cos. Inc. 2.05%
Best Buy Co. Inc. 2.05%
Conn's Inc. 2.05%
O'Reilly Automotive Inc. 2.05%
Tiffany & Co. 2.05%
Weis Markets Inc. 2.05%
Costco Wholesale Corp. 2.04%
Kohl's Corp. 2.04%
Walmart Inc. 2.04%
Target Corp. 2.04%
Gap Inc./The 2.03%
Tapestry Inc. 2.03%
Home Depot Inc. 2.03%
Ollie's Bargain Outlet Holdings Inc. 2.02%
AutoZone Inc. 2.02%
L Brands Inc. 2.02%
Sprouts Farmers Market Inc. 2.02%
Children's Place Inc./The 2.02%
Genesco Inc. 2.00%
Foot Locker Inc. 1.96%

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 12/31/19

Index Sector Weightings § Weight
Apparel Retail 26.68%
Specialty Stores 19.62%
General Merchandise Stores 10.32%
Computer & Electronics Retail 6.42%
Department Stores 6.23%
Hypermarkets & Super Centers 6.15%
Food Retail 6.13%
Home Improvement Retail 4.09%
Automotive Retail 4.07%
Home Furnishings 2.07%
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§ Sum of weightings may not equal 100% due to rounding.