Fund Description
The investment seeks daily investment results, before fees and expenses, of 300% of the inverse (or opposite) of the performance of the S&P 500® Index. The fund normally creates short positions by investing at least 80% of its net assets in: futures contracts; options on securities, indices and futures contracts; equity caps, collars and floors; swap agreements; forward contracts; short positions; reverse repurchase agreements; ETFs; and other financial instruments that provide leveraged and unleveraged exposure to the index. The S&P 500® Index is a capitalization-weighted index composed of 500 domestic common stocks. The fund is non-diversified.
Fund Snapshot Updated 05.21.2013
| Previous Close | $9.93 | Expense Ratio | 0.95% |
| YTD Return | 41.3% | Avg. 30-Day Volume | 3,224,186 |
| 1-Year Return | 58.5% | Market Cap | Loading... |
| Bid | $9.92 | Shares Outstanding | 20,229,000 |
| Ask | $9.93 | Dividends | $0.00 |
