CLIX
Long Online/Short Stores ETF
Why Invest in CLIX?
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E-commerce sales are growing at a rapid pace and undermining in-store retail as consumer habits change and shoppers move online. It's predicted that, by the end of 2020, online retail may account for about 16% of global retail sales, leaving tremendous room for growth.
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Physical retailers are under immense pressure. In general, profit margins and Return on Assets have been declining for years, currently approaching the lows of the Great Recession. Over 80 major retailers have declared bankruptcy since 2015 and longstanding names like The Gap and Macy’s are struggling to remain viable.
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The ProShares Long Online/Short Stores Index combines a 100% long position in retailers that primarily sell online or through other non-store channels with a 50% short position in those that rely principally on revenue from physical stores. A potential advantage is that the long and short positions may offset one another, resulting in a lower net exposure to the direction of the market.
Why Invest in CLIX?
-
E-commerce sales are growing at a rapid pace and undermining in-store retail as consumer habits change and shoppers move online. It's predicted that, by the end of 2020, online retail may account for about 16% of global retail sales, leaving tremendous room for growth.
-
Physical retailers are under immense pressure. In general, profit margins and Return on Assets have been declining for years, currently approaching the lows of the Great Recession. Over 80 major retailers have declared bankruptcy since 2015 and longstanding names like The Gap and Macy’s are struggling to remain viable.
-
The ProShares Long Online/Short Stores Index combines a 100% long position in retailers that primarily sell online or through other non-store channels with a 50% short position in those that rely principally on revenue from physical stores. A potential advantage is that the long and short positions may offset one another, resulting in a lower net exposure to the direction of the market.
Documents & Downloads
You may order paper copies by contacting ProShares Client Services at 866-PRO-5125 (866-776-5125)
Performance
Growth of $10,000
Since Inception
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 |
|---|---|---|---|---|---|---|---|---|---|---|
| CLIX Market Price | -4.58% | 12.42% | 12.49% | 24.71% | 0.19% | -25.16% | -5.33% | -- | -1.18% | 11/14/2017 |
| CLIX NAV | -4.53% | 12.49% | 12.37% | 24.61% | 0.31% | -25.13% | -5.32% | -- | -1.17% | 11/14/2017 |
| ProShares Long Online/Short Stores Index | -4.70% | 12.01% | 11.50% | 23.53% | -0.53% | -24.94% | -5.11% | -- | -0.95% | -- |
| Fund + Index | 1m | 3m | 6m | YTD | 1Y | 3Y | 5Y | 10Y | Since Inception | Inception Date |
|---|---|---|---|---|---|---|---|---|---|---|
| CLIX Market Price | 6.84% | 6.16% | 18.52% | 18.52% | -2.32% | -21.27% | -6.29% | -- | -2.11% | 11/14/2017 |
| CLIX NAV | 6.83% | 6.11% | 18.33% | 18.33% | -2.45% | -21.31% | -6.29% | -- | -2.11% | 11/14/2017 |
| ProShares Long Online/Short Stores Index | 6.70% | 5.71% | 17.67% | 17.67% | -2.92% | -21.00% | -6.03% | -- | -1.83% | -- |
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 CLIX
- Intraday Ticker CLIX.IV
- CUSIP 74347B375
- Inception Date 11/14/17
- Expense Ratio 0.65%
- NAV Calculation Time 4:00 p.m. ET
- Distributions Quarterly
Characteristics
as of 7/31/2023- Distribution Yield --
Distribution Yield represents the annualized yield based on the last income distribution.
- SEC 30-Day Yield 0.01%
SEC 30-Day Yield is a standard yield calculation developed by the Securities and Exchange Commission (SEC) that facilitates fairer comparisons of funds. The figure reflects dividends and interest earned by the securities held by the fund during the most recent 30-day period, net the fund's expenses.
Price
as of 9/29/2023- NAV $35.12
- NAV Change $+0.31
- Market Price $35.12
- Market Price Change $+0.32
- Trading Volume (M) 1,697
- 30-Day Median Bid Ask Spread 0.11%
- View Premium / Discount
Snapshot
- Ticker CLIX
- Intraday Ticker CLIX.IV
- CUSIP 74347B375
- Inception Date 11/14/17
- Unitary Expense Ratio 0.65%
- NAV Calculation Time 4:00 p.m. ET
- Distributions Quarterly
Characteristics
as of 7/31/2023- Distribution Yield --
Distribution Yield represents the annualized yield based on the last income distribution.
- SEC 30-Day Yield 0.01%
SEC 30-Day Yield is a standard yield calculation developed by the Securities and Exchange Commission (SEC) that facilitates fairer comparisons of funds. The figure reflects dividends and interest earned by the securities held by the fund during the most recent 30-day period, net the fund's expenses.
Price
as of 9/29/2023- NAV $35.12
- NAV Change $+0.31
- Market Price $35.12
- Market Price Change $+0.32
- Trading Volume (M) 1,697
- 30-Day Median Bid Ask Spread 0.11%
- View Premium / Discount
Exposures
Index as of 6/30/2023
Holdings
as of 9/29/2023
| Weight | Ticker | Description | Exposure Value (Notional + GL) |
Market Value | Shares/Contracts | SEDOL Number |
|---|---|---|---|---|---|---|
| 20.93% | AMZN | AMAZON.COM INC | -- | $4,815,941.20 | 37,885 | 2000019 |
| 9.13% | BABA | ALIBABA GROUP HOLDING-SP ADR | -- | $2,100,582.58 | 24,217 | BP41ZD1 |
| 6.41% | -- | PROSHARES ONLINE RETAIL INDEX SWAP SOCIETE GENERALE | 1,474,435 | -- | 1,194 | -- |
| 5.90% | EBAY | EBAY INC | -- | $1,358,016.09 | 30,801 | 2293819 |
| 4.62% | -- | PROSHARES ONLINE RETAIL INDEX SWAP BNP PARIBAS GOLDMAN SACHS INTERNATIONAL | 1,061,988 | -- | 860 | -- |
| 4.16% | PDD | PDD HOLDINGS INC | -- | $957,261.27 | 9,761 | BYVW0F7 |
| 4.10% | SE | SEA LTD-ADR | -- | $943,386.75 | 21,465 | BYWD7L4 |
| 3.91% | CPNG | COUPANG INC | -- | $900,439.00 | 52,967 | BNYHDF3 |
| 3.67% | CVNA | CARVANA CO | -- | $844,259.78 | 20,111 | BYQHPG3 |
| 3.66% | W | WAYFAIR INC- CLASS A | -- | $842,225.85 | 13,905 | BQXZP64 |
| 3.61% | ETSY | ETSY INC | -- | $830,369.64 | 12,858 | BWTN5N1 |
| 3.57% | CHWY | CHEWY INC - CLASS A | -- | $821,225.24 | 44,974 | BJLFHW7 |
| 3.54% | WSM | WILLIAMS-SONOMA INC | -- | $814,140.60 | 5,239 | 2967589 |
| 3.51% | RVLV | REVOLVE GROUP INC | -- | $807,181.88 | 59,308 | BJ1FD74 |
| 3.44% | BKE | BUCKLE INC/THE | -- | $790,241.13 | 23,667 | 2149934 |
| 3.41% | FIGS | FIGS INC-CLASS A | -- | $784,369.60 | 132,944 | BMXXBD9 |
| 3.23% | OSTK | OVERSTOCK.COM INC | -- | $742,005.46 | 46,903 | 2855930 |
| 2.81% | MELI | MERCADOLIBRE INC | -- | $645,350.92 | 509 | B23X1H3 |
| 2.48% | JD | JD.COM INC-ADR | -- | $571,093.65 | 19,605 | BMM27D9 |
| 1.85% | FTCH | FARFETCH LTD-CLASS A | -- | $424,583.50 | 203,150 | BFD20M9 |
| 1.81% | GLBE | GLOBAL-E ONLINE LTD | -- | $416,197.02 | 10,473 | BN770J3 |
| 0.17% | -- | PROSHARES ONLINE RETAIL INDEX SWAP UBS AG E | 39,516 | -- | 32 | -- |
| 0.04% | -- | PROSHARES ONLINE RETAIL INDEX SWAP GOLDMAN SACHS INTERNATIONAL | 9,879 | -- | 08 | -- |
| -- | OZON | OZON HOLDINGS PLC - ADR | -- | $00.00 | 3,471 | BN10NX3 |
| -- | -- | NET OTHER ASSETS (LIABILITIES) | -- | $2,595,670.31 | 2,595,670 | -- |
| -0.49% | -- | SOLACTIVE-PROSHARES BRICKS AND MORTAR RETAIL STORE INDEX SWAP GOLDMAN SACHS INTERNATIONAL | -113,532 | -- | -83 | -- |
| -5.55% | -- | SOLACTIVE-PROSHARES BRICKS AND MORTAR RETAIL STORE INDEX SWAP SOCIETE GENERALE | -1,277,581 | -- | -934 | -- |
| -43.94% | -- | SOLACTIVE-PROSHARES B&M RETAIL INDEX SWAP BNP PARI RETAIL STORE INDEX SWAP GOLDMAN SACHS INTERNATIONAL | -10,108,485 | -- | -7,390 | -- |
Index
as of 6/30/2023
Long
- Total Number of Companies25
- Price/Earnings Ratio--
- Price/Book Ratio3.756
- Dividend Yield ( % )--
- Avg. Index Market Capitalization$76.15 billion
Short
- Total Number of Companies39
- Price/Earnings Ratio16.407
- Price/Book Ratio3.071
- Dividend Yield ( % )--
- Avg. Index Market Capitalization$44.90 billion
About the Index
The ProShares Long Online/Short Stores Index combines two specialized retail indexes into one. It is 100% long the ProShares Online Retail Index, which tracks retailers that primarily sell online or through other non-store channels, and 50% short the Solactive-ProShares Bricks and Mortar Retail Store Index that brings together traditional in-store retailers. The positions are rebalanced monthly:
Retailers in the 100% long portion of the index include U.S. and non-U.S. companies. To be eligible, retailers must: be classified as an online retailer, an e-commerce retailer, or an internet or direct marketing retailer, according to standard industry classification systems; have a market capitalization of at least $500 million; and have a six-month daily average value traded of at least $1 million and meet other requirements. When the index is rebalanced, it is weighted so that no company may exceed 24% of the value of the index, the sum of companies individually weighing more than 4.5% may not exceed 50% of the value of the index, and the total weight of all non-U.S. companies will be capped at 25% of the value of the index. The long portion of the index is rebalanced monthly and reconstituted annually.
Retailers in the 50% short portion of the index 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 short portion of the index is rebalanced monthly and reconstituted annually.
Click here to learn more about the index.
Distributions
For
- 2023
- 2020
| Ex-Dividend Date | Record Date | Payable Date | Dividend | Long-Term Capital Gain | Short-Term Capital Gain | Return of Capital |
|---|
Profit margins, as measured by EBIT (Earnings Before Interest and Taxes). Data via Bloomberg.
Sources: eMarketer, May 2019; CB Insights, December 2019.