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 3/29/19

Total Number of Companies 56
Price/Earnings Ratio 15.42
Price/Book Ratio 1.98
Average Index Market Capitalization $22.55 billion

Index Holdings Information as of 3/29/19

Index Companies Weight
Burlington Stores Inc. 1.88%
Five Below 1.87%
Express Inc. 1.87%
Zumiez Inc. 1.87%
The Children's Place Inc. 1.86%
Genesco Inc. 1.86%
Caleres Inc. 1.85%
Ollie's Bargain Outlet Holdings Inc. 1.84%
Foot Locker Inc. 1.83%
The Buckle Inc. 1.83%
Lowe's Cos. Inc. 1.82%
Dick's Sporting Goods Inc. 1.82%
Dollar Tree Inc. 1.82%
American Eagle Outfitters 1.82%
The Gap Inc. 1.82%
Big Lots Inc. 1.82%
The Cato Corp.-Class A 1.81%
AutoZone Inc. 1.81%
Tractor Supply Co. 1.81%
Signet Jewelers Ltd. 1.80%
Tiffany & Co. 1.80%
Walgreens Boots Alliance Inc. 1.80%
The Sherwin-Williams Co. 1.80%
Ross Stores Inc. 1.80%
Ulta Beauty Inc. 1.79%
Sally Beauty Holdings Inc. 1.79%
Tapestry Inc. 1.79%
Nordstrom Inc. 1.79%
O'Reilly Automotive Inc. 1.78%
DSW Inc.-Class A 1.78%
Home Depot Inc. 1.78%
Costco Wholesale Corp. 1.78%
TJX Cos. Inc. 1.77%
Macy's Inc. 1.77%
Kroger Co. 1.77%
Bed Bath & Beyond Inc. 1.77%
Office Depot Inc. 1.77%
Dollar General Corp. 1.77%
Target Corp. 1.77%
Best Buy Co Inc. 1.77%
The Michaels Cos. Inc. 1.76%
Kohls Corp. 1.76%
Chico's FAS Inc. 1.76%
Ethan Allen Interiors Inc. 1.75%
Walmart Inc. 1.75%
Ascena Retail Group Inc. 1.74%
Weis Markets Inc. 1.74%
L Brands Inc. 1.74%
Dillard's Inc.-Class A 1.73%
Lumber Liquidators Holdings Inc. 1.73%
J. C. Penney Co. Inc. 1.73%
GameStop Corp.-Class A 1.73%
Tailored Brands Inc. 1.72%
Sprouts Farmers Market Inc. 1.68%
Rite Aid Corp. 1.67%
Conn's Inc. 1.63%

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 3/29/19

Index Sector Weightings § Weight
Apparel Retail 32.63%
Specialty Stores 16.21%
General Merchandise Stores 9.03%
Department Stores 8.77%
Home Improvement Retail 5.34%
Food Retail 5.19%
Computer & Electronics Retail 5.14%
Automotive Retail 3.59%
Hypermarkets & Super Centers 3.53%
Drug Retail 3.47%
Show All

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