Fund Description
The investment seeks daily investment results, before fees and expenses, of 300% of the inverse (or opposite) of the performance of the Russell 1000® Financial Services Index. The fund, under normal circumstances, creates short positions by investing at least 80% of its assets in financial instruments that, in combination, provide leveraged and unleveraged exposure to the index. The index is a subset of the Russell 1000® Index that measures the performance of the securities classified in the financial services sector of the large cap U.S. equity market. The fund is non-diversified.
Fund Snapshot Updated 05.16.2013
| Previous Close | $33.11 | Expense Ratio | 0.94% |
| YTD Return | 45.3% | Avg. 30-Day Volume | 7,998,682 |
| 1-Year Return | 70.2% | Market Cap | Loading... |
| Bid | $33.11 | Shares Outstanding | 17,153,000 |
| Ask | $33.12 | Dividends | $0.00 |
