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 6/30/20

Total Number of Companies 45
Price/Earnings Ratio 42.45
Price/Book Ratio 2.19
Average Index Market Capitalization $30.63 billion

Index Holdings Information as of 6/30/20

Index Companies Weight
Gap Inc/The 2.67%
Big Lots Inc 2.67%
Bed Bath & Beyond Inc 2.40%
Sally Beauty Holdings Inc 2.29%
L Brands Inc 2.28%
Sprouts Farmers Market Inc 2.27%
Macy's Inc 2.27%
Ingles Markets Inc 2.27%
Zumiez Inc 2.26%
Camping World Holdings Inc 2.26%
Grocery Outlet Holding Corp 2.26%
Tapestry Inc 2.26%
Ulta Beauty Inc 2.25%
Rite Aid Corp 2.25%
Michaels Cos Inc/The 2.25%
Kohl's Corp 2.24%
BJ's Wholesale Club Holdings 2.23%
Kroger Co/The 2.22%
Buckle Inc/The 2.22%
Best Buy Co Inc 2.21%
AutoZone Inc 2.20%
Lowe's Cos Inc 2.20%
Signet Jewelers Ltd 2.20%
Dick's Sporting Goods Inc 2.19%
Home Depot Inc/The 2.19%
Tiffany & Co 2.18%
Weis Markets Inc 2.18%
Five Below Inc 2.18%
Costco Wholesale Corp 2.17%
O'Reilly Automotive Inc 2.17%
Ross Stores Inc 2.17%
Walgreens Boots Alliance Inc 2.17%
Sherwin-Williams Co/The 2.17%
Children's Place Inc/The 2.16%
Tractor Supply Co 2.16%
Target Corp 2.15%
Dollar General Corp 2.15%
Walmart Inc 2.15%
Dollar Tree Inc 2.14%
TJX Cos Inc/The 2.14%
Foot Locker Inc 2.13%
ODP Corp/The 2.13%
Ollie's Bargain Outlet Holding 2.12%
American Eagle Outfitters Inc 2.11%
Burlington Stores 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 6/30/20

Index Sector Weightings § Weight
Apparel Retail 22.21%
Specialty Stores 19.83%
General Merchandise Stores 11.22%
Food Retail 11.20%
Automotive Retail 6.62%
Hypermarkets & Super Centers 6.54%
Department Stores 4.52%
Drug Retail 4.42%
Home Improvement Retail 4.40%
Homefurnishing Retail 2.40%
Show All

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