

Your brokerage commissions will reduce returns. Shares of any ETF are generally bought and sold at market price (not NAV) and are not individually redeemed from the fund. There is no guarantee any ProShares ETF will achieve its investment objective. For standardized returns and performance data current to the most recent month end, see Performance. Current performance may be lower or higher than the performance quoted. 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. Market price returns are based upon the midpoint of the bid/ask spread at 4:00 p.m. Shares are bought and sold at market price (not NAV) and are not individually redeemed from the fund. 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. The performance quoted represents past performance and does not guarantee future results. 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. 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.

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.

Market indices are shown in real time, except for the DJIA, which is delayed by two minutes.
