ProShares has launched an exchange-traded fund (ETF) hoping to profit from the poor performance of brick and mortar stores. The Decline of the Retail Store ETF offers short exposure to firms in the struggling retail sector. The fund moves conversely to the Solactive-ProShares Bricks and Michael Sapir, and includes US firms with at least 50% of revenue from retail operations, 75% of which has to come from in-store sales.
ProShares has launched an exchange-traded fund (ETF) hoping to profit from the poor performance of brick and mortar stores. The Decline of the Retail Store ETF offers short exposure to firms in the struggling retail sector. The fund moves conversely to the Solactive-ProShares Bricks and Mortar Index, and includes US firms with at least 50% of revenue from retail operations, 75% of which has to come from in-store sales.