ProShares Short Financials(AMEX:SEF)

SEF provides inverse exposure to the S&P Financial Select Sector Index, a market cap-weighted index of US financial companies drawn exclusively from the S&P 500. The index includes the following GICS industries: banks, financial services, consumer finance, capital markets, mortgage real estate investment trusts (REITs), and insurance. SEF is designed as a short-term trading vehicle, not a long-term investment. It holds swap agreements and resets on a daily basis. As a result, long-term returns could materially differ from those of the underlying index due to daily compounding. Prior to March 20, 2023, the fund tracked the Dow Jones US Financials Index.