ProShares Trust - ProShares UltraShort FTSE Europe is an exchange traded fund launched and managed by ProShare Advisors LLC. It invests in public equity markets of European Developed region. It invests through derivatives in stocks of companies operating across diversified sectors. It 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 FTSE Developed Europe All Cap Index, by using synthetic replication technique. ProShares Trust - ProShares UltraShort FTSE Europe was formed on June 16, 2009 and is domiciled in the United States.