Description

This index aims to provide investors with a daily inverse exposure to the performance of the 500 largest publicly traded companies in the United States. Essentially, it's structured to reflect the returns one would achieve by taking a short position on these major U.S. corporations. These companies collectively account for approximately 80% of the free-float market capitalization, meaning the value of their shares readily available for trading. The weight of each company within the index is determined by its market capitalization, adjusted for the number of shares not freely traded. The index's composition undergoes a quarterly review and adjustment. For a more in-depth understanding of the index's specific selection criteria and weighting methodology, comprehensive details are accessible on the S&P Global website.