Key stats
About ProShares Long Online/Short Stores ETF
Expense ratio
0.65%
Home page
Inception date
Nov 14, 2017
CLIX is founded on the premise that the brick-and-mortar retail industry will wither under pressure from online shopping. The fund provides 100% long exposure to online retailers and 50% short exposure to traditional in-store retailers. (Note that this gives CLIX only 50% long beta exposure to the broader retail industry.) The underlying index is actually built from two sub-indexes, one long and one short. To be included in the longs, a company must draw none of its revenue from physical stores and must be listed on a US exchange, though it is not required to be a US company. Long constituents are market-cap-weighted. For the shorts, in-store sales need to account for at least 75% of revenue, with the same US exchange requirements as the longs. Short positions are equally weighted. CLIX gains its short exposure through the use of swaps.
Classification
What's in the fund
Exposure type
Retail Trade
Cash
Stock breakdown by region
Displays a symbol's price movements over previous years to identify recurring trends.