HBU, HBZ DELISTED 08/25/2016
ProShares begun trading 2 new ETFs: the ProShares Ultra Homebuilders & Supplies (Nyse Arca: HBU) and the ProShares UltraShort Homebuilders & Supplies (Nyse Arca: HBZ) on Monday, June 22, 2015.
Here is a synopsis of the new ETFs:
1.
FUND INFORMATION:
| Symbol: HBU | Exchange: Nyse Arca |
| Name: ProShares Ultra Homebuilders & Supplies | Net Expense Ratio: 0.95% |
FUND OBJECTIVE:
The ProShares Ultra Homebuilders & Supplies seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the Dow Jones U.S. Select Home Construction Index.
2.
FUND INFORMATION:
| Symbol: HBZ | Exchange: Nyse Arca |
| Name: ProShares UltraShort Homebuilders & Supplies | Net Expense Ratio: 0.95% |
FUND OBJECTIVE:
The ProShares UltraShort Homebuilders & Supplies seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the Dow Jones U.S. Select Home Construction Index.
REFERENCE INDEX:
The Dow Jones U.S. Select Home Construction Index measures the performance of the home construction sector of the U.S. equity market. The index includes companies that are constructors of residential homes, including manufacturers of mobile and prefabricated homes, as well as producers, sellers and suppliers of building materials, furnishings and fixtures. The companies selected for inclusion in the index must meet minimum market capitalization and liquidity requirements and have a majority of revenues sourced from residential home construction and remodel-related business activities. The index may include large-, mid- or small-capitalization companies, and components primarily include consumer goods, consumer services, home construction and industrials companies. The components of the index, and the degree to which these components represent certain industries, may change over time.
As of May 31, 2015, the Index is comprised of 37 stocks. The companies included in the Index have an average market capitalization of $9.8 billion and have capitalizations ranging from $474.3 million to $144.7 billion. The components of the Index, and the degree to which these components represent certain industries, may change over time.
Index Top 10 Holdings (03/31/15):
| D.R. Horton Inc. | 11.06% |
| Lennar Corp. | 10.81% |
| PulteGroup Inc. | 8.90% |
| Toll Brothers Inc. | 7.78% |
| NVR Inc. | 6.49% |
| Home Depot Inc. | 4.27% |
| Lowe’s Companies Inc. | 3.46% |
| Ryland Group Inc. | 3.33% |
| TRI Pointe Homes Inc. | 3.31% |
| Meritage Homes Corp. | 2.77% |
Index sectors Weights (03/31/15):
| Consumer Goods | 69.55% |
| Industrials | 19.84% |
| Consumer Services | 10.62% |
Useful Links:
| HBU Home Page | HBZ Home Page |