- Seeking Alpha
As of September 14, 2017, ProShares Trust - ProShares UltraShort MSCI Mexico Capped IMI has gone out of business. ProShares Trust - ProShares UltraShort MSCI Mexico Capped IMI is an exchange traded fund launched and managed by ProShare Advisors LLC. It invests in the public equity markets of Mexico. The fund takes short positions and uses derivatives such as swap agreements to invest in stocks of companies operating across diversified sectors. It invests in stocks of companies across all market capitalizations. The fund also invests in money market instruments. It seeks to replicate twice the inverse of the daily performance of the MSCI Mexico IMI 25/50 Index, by using synthetic replication technique. The fund was formerly known as ProShares Trust - ProShares UltraShort MSCI Mexico Investable Market. ProShares Trust - ProShares UltraShort MSCI Mexico Capped IMI was formed on June 16, 2009 and is domiciled in the United States.