NYSE Euronext (NYX) announced that its wholly-owned subsidiary, NYSE Arca…
began trading Ultra Russell3000 and UltraShort Russell3000 ETFs, sponsored by ProShare Advisors LLC.
Name and Ticker Symbol of the Two ProShares ETFs:
• ProShares Ultra Russell3000 -Ticker Symbol “UWC”
• ProShares UltraShort Russell3000 – Ticker Symbol “TWQ”
ProShares Ultra Russell3000
ProShares Ultra Russell3000 seeks daily investment results, before fees and expenses, which correspond to twice (200%) the daily performance of the Russell 3000® Index.
ProShares UltraShort Russell3000
ProShares UltraShort Russell3000 seeks daily investment results, before fees and expenses, which correspond to twice (200%) the inverse (opposite) of the daily performance of the Russell 3000 Index.
These funds seek a 200% or -200% return, respectively, of an index for a single day. Due to the compounding of daily returns, returns over periods other than one day will likely differ in amount and possibly direction from the target return for the same period. Investors should monitor their holdings consistent with their strategies, as frequently as daily.
Source: ETFWorld.com – NYSE Euronext
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