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0 SOLDI DOLLARINow Tracking the Largest U.S. Regional Banking Index..


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ProShares, a premier provider of alternative ETFs, today announced that its regional banking equity ETFs will be changing their benchmark index and fund names, effective April 16, 2015.

The ETFs' new index, S&P Regional Banks Select Industry Index, is the largest U.S. regional banking index in terms of ETF assets.1

Name Change Details

 

TickerCurrent ETF NameCurrent IndexNew ETF NameNew Index
KRU Ultra KBW Regional Banking KBW Regional Banking IndexSM Ultra S&P Regional Banking S&P Regional Banks Select Industry Index
KRS Short KBW Regional Banking Short S&P Regional Banking

The ETFs will have the following investment objectives:

  • KRU will seek daily investment results, before fees and expenses, that correspond to 2x the daily performance of the S&P Regional Banks Select Industry Index.
  • KRS will seek daily investment results, before fees and expenses, that correspond to -1x the daily performance of the S&P Regional Banks Select Industry Index.

No other changes are being made to the ETFs at this time.

Source: ETFWorld.com

WMCR
Wilshire Micro-Cap ETF (based on the Wilshire US Micro-Cap Index)