Now 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
| Ticker | Current ETF Name | Current Index | New ETF Name | New 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)
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