Bloomberg features CLIX as “The Retail ETF Prospering Despite the Coronavirus Pandemic”

Key Funds
Bloomberg | April 19, 2020

Bloomberg host Guy Johnson says though the retail sector has “been hit particularly hard by COVID-19”, one fund—the ProShares Long Online/Short Stores ETF (CLIX)--is “on the 2020 performance leaderboard.” Bloomberg Intelligence ETF Analyst James Seyffart says “this is an acceleration of a slow moving trend that’s been going on for years” and the fund is “doing exactly what its name says it does” by offering exposure to stores that have faced challenges as well as opportunities in the current market. CLIX holds a 100% long position in retailers that principally sell online or through non-store channels and a 50% short position in traditional brick-and-mortar stores. Certain sectors and markets perform exceptionally well based on current market conditions and CLIX can benefit from that performance. Achieving such exceptional returns involves the risk of volatility and investors should not expect that such results will be repeated. See CLIX performance and holdings.

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ProShares are distributed by SEI Investments Distribution Co., which is not affiliated with the funds’ advisor or sponsor.

Your use of this site signifies that you accept our Terms and Conditions of Use.