ProShares S&P 500 Dynamic Daily Buffer ETF (FB)

ProShares S&P 500 Dynamic Daily Buffer ETF (FB) is an exchange-traded fund in the Defined Outcome category. It has $2.70M in assets, an expense ratio of 0.58% and a 1.97% dividend yield. The index measures the performance of this Dynamic Buffer Strategy based on the S&P 500 Index using a long position in the S&P 500 Index along with three different S&P 500 Index options that have one day to expiration. Under normal circumstances, the fund will invest at least 80% of its total assets in components of the index or in instruments with similar economic characteristics. The fund is non-diversified.