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 2000® 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 measures the performance of the small-cap segment of the U.S. equity universe and is comprised of the smallest 2000 companies in the Russell 3000® Index, representing approximately 10% of the total market capitalization of that index. The fund is non-diversified.
Fund Snapshot Updated 06.17.2013
| Previous Close | $31.01 | Expense Ratio | 0.95% |
| YTD Return | 42.6% | Avg. 30-Day Volume | 16,653,056 |
| 1-Year Return | 62.0% | Market Cap | Loading... |
| Bid | $31.01 | Shares Outstanding | 26,498,000 |
| Ask | $31.03 | Dividends | $0.00 |
