ProShares Trust - ProShares UltraShort Real Estate is an exchange traded fund launched and managed by ProShare Advisors LLC. It invests in public equity markets of the United States. The fund invests through derivatives in stocks of companies operating across real estate, diversified reits, health care reits, hotel and resort reits, industrial reits, office reits, residential reits, retail reits, specialized reits, equity real estate investment trusts (reits), and real estate management and development sectors. The fund employs short strategy and uses derivatives such as swaps to create its portfolio. The fund invests in growth and value stocks of companies across diversified market capitalization. The fund seeks to track -2x the daily performance of the S&P Real Estate Select Sector Index, by using synthetic replication technique. ProShares Trust - ProShares UltraShort Real Estate was formed on January 30, 2007 and is domiciled in the United States.