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SH

Short S&P500

Investment Objective

ProShares Short S&P500 seeks daily investment results, before fees and expenses, that correspond to the inverse (-1x) of the daily performance of the S&P 500®.

You may order paper copies by contacting ProShares Client Services at 866-PRO-5125 (866-776-5125)

Performance

Daily Return during Q2 2022
Chart is updated nightly to reflect the more recent of the previous day's market closing price or the closing price on the day the fund was last traded.

Total Return

Fund + Index 1m 3m 6m YTD 1Y 3Y 5Y 10Y Since Inception Inception Date
SH Market Price -1.04% 3.54% 6.51% 11.67% -3.55% -18.56% -14.22% -14.64% -11.66% 06/19/2006
SH NAV -0.91% 3.60% 6.64% 11.76% -3.46% -18.53% -14.20% -14.63% -11.66% 06/19/2006

The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Shares are bought and sold at market price (not NAV) and are not individually redeemed from the fund. Market price returns are based upon the midpoint of the bid/ask spread at 4:00 p.m. ET (when NAV is normally determined for most funds) and do not represent the returns you would receive if you traded shares at other times. Your brokerage commissions will reduce returns. Current performance may be lower or higher than the performance quoted. For standardized returns and performance data current to the most recent month end, see above.

About the Fund

Snapshot
  • Ticker SH
  • Intraday Ticker SH.IV
  • CUSIP 74347B425
  • Inception Date 6/19/06
  • Expense Ratio 0.88%
  • Gross Expense Ratio 0.88%
  • NAV Calculation Time 4:00 p.m. ET
  • Distributions Quarterly
Price
as of 6/24/2022
  • NAV $15.97
  • NAV Change $-0.50 down caret
  • Market Price $15.94
  • Market Price Change $-0.53 down caret
  • Trading Volume (M) 29,736,411
  • 30-Day Median Bid Ask Spread 0.06%
  • View Premium / Discount
Snapshot
  • Ticker SH
  • Intraday Ticker SH.IV
  • CUSIP 74347B425
  • Inception Date 6/19/06
  • Expense Ratio 0.88%
  • Gross Expense Ratio 0.88%
  • NAV Calculation Time 4:00 p.m. ET
  • Distributions Quarterly
Price
as of 6/24/2022
  • NAV $15.97
  • NAV Change $-0.50 down caret
  • Market Price $15.94
  • Market Price Change $-0.53 down caret
  • Trading Volume (M) 29,736,411
  • 30-Day Median Bid Ask Spread 0.06%
  • View Premium / Discount

The expense ratio above has a contractual waiver ending 9/30/22.

Exposures

Index as of 3/31/2022

Holdings

as of 6/24/2022

Weight Ticker Description Exposure Value
(Notional + GL)
Market Value Shares/Contracts
11.61% -- UNITED STATES OF AMERICA BILL ZERO CPN 07/JUL/2022 USD 100 -- $299,903,853.00 300,000,000
7.74% -- UNITED STATES OF AMERICA BILL ZERO CPN 28/JUN/2022 USD 100 -- $199,993,278.00 200,000,000
3.87% -- UNITED STATES OF AMERICA BILL ZERO CPN 05/JUL/2022 USD 100 -- $99,974,250.00 100,000,000
3.87% -- UNITED STATES OF AMERICA BILL ZERO CPN 26/JUL/2022 USD 100 -- $99,910,986.00 100,000,000
3.85% -- UNITED STATES OF AMERICA BILL ZERO CPN 06/OCT/2022 USD 100 -- $99,509,028.00 100,000,000
2.89% -- UNITED STATES OF AMERICA BILL ZERO CPN 13/SEP/2022 USD 100 -- $74,746,500.00 75,000,000
0.96% -- UNITED STATES OF AMERICA BILL ZERO CPN 13/OCT/2022 USD 100 -- $24,863,312.50 25,000,000
-- -- TREASURY BILL -- $74,475,265.50 75,000,000
-- -- TREASURY BILL -- $149,548,692.00 150,000,000
-- -- TREASURY BILL -- $299,494,686.00 300,000,000
-- -- TREASURY BILL -- $84,951,782.90 85,000,000
-- -- TREASURY BILL -- $299,385,750.00 300,000,000
-- -- TREASURY BILL -- $99,927,500.00 100,000,000
-- -- TREASURY BILL -- $24,688,711.75 25,000,000
-- -- TREASURY BILL -- $149,984,610.00 150,000,000
-- -- NET OTHER ASSETS (LIABILITIES) -- $502,414,995.35 502,414,995
-1.84% -- S&P500 EMINI FUT EQUITY INDEX 16/SEP/2022 ESU2 INDEX -47,582,438 -- -243
-4.61% -- S&P 500 INDEX SWAP UBS AG -119,162,193 -- -30,463
-5.54% -- S&P 500 INDEX SWAP MORGAN STANLEY & CO. INTERNATIONAL PLC -143,244,007 -- -36,619
-6.98% -- S&P 500 INDEX SWAP CITIBANK NA -180,358,596 -- -46,107
-10.69% -- S&P 500 INDEX SWAP SOCIETE GENERALE -276,250,991 -- -70,621
-13.04% -- S&P 500 INDEX SWAP JP MORGAN SECURITIES -336,988,578 -- -86,148
-15.73% -- S&P 500 INDEX SWAP GOLDMAN SACHS INTERNATIONAL -406,316,346 -- -103,871
-19.74% -- S&P 500 INDEX SWAP BANK OF AMERICA NA -510,063,514 -- -130,393
-21.83% -- S&P 500 INDEX SWAP BNP PARIBAS -564,080,731 -- -144,202

Index

as of 3/31/2022

  • Total Number of Companies505
  • Price/Earnings Ratio22.56
  • Price/Book Ratio4.53
  • Dividend Yield ( % )1.37
  • Avg. Index Market Capitalization$79.79 billion
About the Index

The S&P 500 is a widely used measure of large U.S. stock market performance. It includes a representative sample of leading companies in leading industries. Companies are selected for inclusion in the Index by Standard & Poor's based on adequate liquidity, appropriate market capitalization, financial viability and public float.

Distributions

Ex-Dividend Date Record Date Payable Date Dividend Long-Term Capital Gain Short-Term Capital Gain Return of Capital

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For the total return table above, since inception returns are cumulative for funds less than one year old; otherwise, returns are annualized. Market returns are based on the composite closing price and do not represent the returns you would receive if you traded shares at other times. The listing date is typically one or more days after the fund inception date. Therefore, NAV is used to calculate market returns prior to the listing date.

The expense ratio for certain funds includes a contractual fee waiver that results in a lower net expense ratio for some or all periods shown. For information about this ETF’s fees, please see above.

Holdings are subject to change. ProShares may invest in financial instruments (including derivatives) that, in combination, should have daily price return characteristics similar to the fund's benchmark.

Registered Investment Companies are required by the IRS to distribute substantially all of their income and capital gains to shareholders at least annually. For specific tax advice, we recommend you speak with a qualified tax professional.

This short ProShares ETF seeks a return that is -1x the return of its underlying benchmark (target) for a single day, as measured from one NAV calculation to the next. Due to the compounding of daily returns, holding periods of greater than one day can result in returns that are significantly different than the target return and ProShares' returns over periods other than one day will likely differ in amount and possibly direction from the target return for the same period. These effects may be more pronounced in funds with larger or inverse multiples and in funds with volatile benchmarks. Investors should monitor their holdings as frequently as daily. Investors should consult the prospectus for further details on the calculation of the returns and the risks associated with investing in this product.

The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Shares are bought and sold at market price (not NAV) and are not individually redeemed from the fund. Market price returns are based upon the midpoint of the bid/ask spread at 4:00 p.m. ET (when NAV is normally determined for most funds) and do not represent the returns you would receive if you traded shares at other times. Your brokerage commissions will reduce returns. Current performance may be lower or higher than the performance quoted. For standardized returns and performance data current to the most recent month end, see above.

Index information does not reflect any management fees, transaction costs or expenses. Indexes are unmanaged, and one cannot invest directly in an index.

There is no guarantee that distributions will not be made in the future. There is no guarantee that dividends or interest income will be paid.

There is no guarantee any ProShares ETF will achieve its investment objective.

Shares of any ETF are generally bought and sold at market price (not NAV) and are not individually redeemed from the fund. Your brokerage commissions will reduce returns.

Investing involves risk, including the possible loss of principal. Short ProShares ETFs are non-diversified and entail certain risks, including risk associated with the use of derivatives (swap agreements, futures contracts and similar instruments), imperfect benchmark correlation, leverage and market price variance, all of which can increase volatility and decrease performance. Short ProShares ETFs should lose money when their benchmarks rise. Please see their summary and full prospectuses for a more complete description of risks.

ProShares may invest in equity securities and/or financial instruments (including derivatives) that, in combination, should have similar daily price return characteristics to the fund's benchmark. Derivative contracts are priced to include the underlying index yield and will not generate dividend income. Because ProShares invest in derivatives and other financial instruments, their dividend distributions may not reflect those of their applicable indexes.

Carefully consider the investment objectives, risks, charges and expenses of ProShares before investing. This and other information can be found in their summary and full prospectuses. Read them carefully before investing.

The "S&P 500®" is a product of S&P Dow Jones Indices LLC and its affiliates and has been licensed for use by ProShares. "S&P®" is a registered trademark of Standard & Poor's Financial Services LLC ("S&P") and "Dow Jones®" is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones") and have been licensed for use by S&P Dow Jones Indices LLC and its affiliates. ProShares have not been passed on by S&P Dow Jones Indices LLC and its affiliates as to their legality or suitability. ProShares based on the S&P 500 are not sponsored, endorsed, sold, or promoted by S&P Dow Jones Indices LLC, Dow Jones, S&P or their respective affiliates, and they makes no representation regarding the advisability of investing in ProShares. THESE ENTITIES AND THEIR AFFILIATES MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO PROSHARES.

Quote data provided by Interactive Data - Real Time Services, Inc. and subject to terms of use.

ProShares ETFs (ProShares Trust and ProShares Trust II) are distributed by SEI Investments Distribution Co., which is not affiliated with the funds' advisor or sponsor.

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