Four New ETFs Offer 2x and -2x Exposure to Gold Miners and Junior Gold Miners Indexes...…
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ProShares, a premier provider of alternative ETFs, today announced the launch of the only ETFs in the United States offering 2x and -2x exposure to gold and silver mining stocks.
The new ProShares ETFs, all of which are listed on NYSE Arca, are:
Ultra Gold Miners (GDXX), which seeks to provide 2x the daily performance of the NYSE Arca Gold Miners IndexSM
UltraShort Gold Miners (GDXS), which seeks to provide -2x the daily performance of the NYSE Arca Gold Miners Index
Ultra Junior Miners (GDJJ), which seeks to provide 2x the daily performance of the Market Vectors™ Global Junior Gold Miners Index
UltraShort Junior Miners (GDJS), which seeks to provide -2x the daily performance of the Market Vectors Global Junior Gold Miners Index
All objectives are before fees and expenses
“The mining sector is popular with tactical investors,” said Michael L. Sapir, co-founder and CEO of ProShare Advisors LLC, the largest provider of geared ETFs. “We are pleased to offer the only ETFs providing 2x and -2x exposure to the leading gold mining indexes.”
Source: ETFWorld.com
WMCR
Wilshire Micro-Cap ETF (based on the Wilshire US Micro-Cap Index)
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