Six new ETFs offer leveraged and inverse exposure to key industry sectors.…
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ProShares, a premier provider of alternative ETFs, today announced the launch of six new geared ETFs. The new ETFs offer leveraged and inverse exposure to the biotechnology, homebuilding, and oil and gas exploration and production sectors.
“The ETFs we are launching today offer knowledgeable investors new ways to obtain magnified and inverse exposure to widely followed U.S. sectors,” said Michael L. Sapir, co-founder and CEO of ProShare Advisors LLC, the advisor to ProShares. “As the world’s leader in leveraged and inverse ETFs, we are committed to giving investors more choices to manage risk and pursue returns.”
Each new ProShares ETF seeks to provide a multiple of the daily performance of an index, before fees and expenses, as noted below:
| ProShares ETF | Ticker | Daily Objective | Index | Exchange |
|---|---|---|---|---|
| UltraPro NASDAQ Biotechnology | UBIO | 3x | NASDAQ Biotechnology Index | NASDAQ |
| UltraPro Short NASDAQ Biotechnology | ZBIO | -3x | NASDAQ Biotechnology Index | NASDAQ |
| Ultra Homebuilders & Supplies | HBU | 2x | Dow Jones U.S. Select Home Construction Index | NYSE Arca |
| UltraShort Homebuilders & Supplies | HBZ | -2x | Dow Jones U.S. Select Home Construction Index | NYSE Arca |
| Ultra Oil & Gas Exploration & Production | UOP | 2x | S&P Oil & Gas Exploration & Production Select Industry Index | NYSE Arca |
| UltraShort Oil & Gas Exploration & Production | SOP | -2x | S&P Oil & Gas Exploration & Production Select Industry Index | NYSE Arca |
Source: ETFWorld.com
WMCR
Wilshire Micro-Cap ETF (based on the Wilshire US Micro-Cap Index)
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