NYSE ARCA | ETF
The investment seeks daily investment results, before fees and expenses, that correspond to three times the inverse (-3x) of the daily performance of the S&P Communication Services Select Sector Index (the index).
The fund will invest principally in the financial instruments: derivatives and money market instruments.
It will concentrate its investments in a particular industry or group of industries to approximately the same extent as the index is so concentrated.
The index represents the communication services industry group of the S&P 500 Index.
The fund is non-diversified.