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ProShares UltraPro Short S&P500 (SPXU)

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Last Post: 10/11/2014 12:38:21 PM - Followers: 15 - Board type: Free - Posts Today: 0

ProShares Launches ETFs to Provide Triple Exposure to S&P 500
July 1, 2009

ProShares Launches First ETFs to Provide Triple Exposure to S&P 500

ProFunds Group, the world’s largest manager of short and leveraged funds1, announced today that it is launching the first ETFs designed to seek triple exposure to the S&P 500 on a daily basis. ProShares UltraPro S&P500 (UPRO) seeks 300% of the performance of the S&P 500 for a single day, while ProShares UltraPro Short S&P500 (SPXU) seeks 300% of the inverse performance of the S&P 500 for a single day (before fees and expenses). The new ETFs will be listed on NYSE Arca today.

“The S&P 500 has the largest following in the ETP industry with nearly $90 billion of assets benchmarked to it,” said Michael L. Sapir, ProFunds Group Chairman and CEO. “As the leader in short and leveraged ETFs, we are committed to giving investors more choices to manage risk and pursue returns.”

About ProFunds Group

ProFunds Group includes 86 ProShares short and leveraged ETFs, and 115 ProFunds mutual funds. ProShares, which introduced the first short and leveraged ETFs in 2006, continues to be a leader in launching innovative new products—for two years in a row, ProShares has led the industry in attracting assets to newly launched ETFs2 and is the fourth largest manager of ETFs3 in the nation. Since 1997, ProFunds mutual funds have provided investors with access to sophisticated investment strategies, with offerings that include funds that seek to magnify daily index performance and funds that seek to increase in value when markets decline. The group also manages the Canada-based Horizons BetaPro ETFs.

[chart]stockcharts.com/c-sc/sc?s=SPXU&p=D&b=5&g=0&i=t45100127534&r=4326[/chart]



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#80   The increase in volume throughout the past weeks Maliszewski20 10/11/14 12:38:21 PM
#79   October gonna be blood in the river Good time Shaka_Zulu 10/01/14 11:41:32 AM
#78   Chart Link giff 02/14/14 07:43:58 AM
#77   Up up and away.. giff 02/03/14 02:11:40 PM
#76   Now up 4%.. giff 01/27/14 01:43:48 PM
#75   Wall Street falls as emerging-market concerns rise giff 01/26/14 10:02:45 AM
#74   gdl.. I appreciate your comments. giff 01/18/14 06:19:14 AM
#73   Not necessarily. This was the old rule gdl 01/18/14 12:14:23 AM
#72   Not necessarily. This was the old rule gdl 01/18/14 12:14:09 AM
#71   Joanne Klein... S&P 500 giff 01/13/14 07:31:21 AM
#70   Maybe here? giff 12/17/13 12:18:00 PM
#69   Quantitative Easing will eventually lead to inflation - giff 12/17/13 07:49:48 AM
#68   At break even as today. I add more. giff 12/06/13 01:23:05 PM
#67   Are Democrats backing the GOP into another government shutdown? giff 12/06/13 01:21:36 PM
#66   David Larew - What Ben has done giff 12/02/13 08:05:20 PM
#65   Joanne Klein giff 12/02/13 07:56:05 PM
#64   POKERSAM giff 11/24/13 07:46:22 PM
#63   The Great Unwind giff 11/24/13 06:57:52 AM
#62   That big jump in this ETF in 2011?? giff 11/24/13 06:31:29 AM
#61   Good move.. What are you thinking right now? giff 11/22/13 04:12:50 PM
#60   This is what I am thinking... giff 11/22/13 03:52:32 PM
#59   CHART giff 11/22/13 03:27:31 PM
#58   I think the key change will happen.... giff 11/22/13 03:18:53 PM
#57   A big market drop could certainly be coming rayank 11/22/13 01:27:13 PM
#56   When it hits... it likely is going to giff 11/22/13 01:21:49 PM
#55   Yeah, I am still in and thinking about rayank 11/22/13 01:17:15 PM
#54   Seems like this might be time huh? giff 11/22/13 01:13:29 PM
#53   I am still in this and almost even, rayank 10/04/13 04:29:15 PM
#52   Costco stores are packed, trying to buy enough BYUINSDER 10/04/13 01:25:43 PM
#51   As of right now my stop loss would rayank 09/16/13 08:48:53 AM
#50   Yes, I am using a stop/loss. :-) rayank 09/12/13 06:50:23 PM
#49   Longer term, cycle low Sept 23 BYUINSDER 09/12/13 06:40:38 PM
#48   Well I got in this once again after rayank 09/12/13 06:38:08 PM
#47   Transport index, has weaken. BYUINSDER 09/12/13 06:35:20 PM
#46   So let it begin tomorrow. :-) rayank 09/12/13 06:32:11 PM
#45   Sept 16 my target date for low on BYUINSDER 09/06/13 04:01:27 PM
#44   Sept 16 Spxu above $25 Went short on BYUINSDER 09/04/13 10:54:23 AM
#43   I'm thinking more like 25k. trunkmonk 08/10/13 11:27:16 AM
#42   As i can see in your post the the_little_farmer 08/02/13 11:23:00 PM
#41   Buy this sucker when the Dow hits 16,000....I totffe 08/01/13 07:03:20 PM
#40   I am with you. Big Gainer. SPXU$ temp luvs amy 07/02/13 02:41:31 PM
#39   All aboard! str8_chuter 06/20/13 03:39:58 PM
#38   looking into going long on SPXU. Andy68 01/04/13 08:39:18 AM
#37   Reverse split shares 1-for-5 on 5/11. TRENDmendous 04/25/12 12:05:01 PM
#36   Glad I jumped in to SPXU last Tuesday. johnnyribcage 04/10/12 01:28:33 PM
#35   ~ $SPXU ~ Possibly going long scan results Penny Roger$ 03/05/12 02:58:40 AM
#34   Looking good for a bounce.. Cooky 12/12/11 07:08:47 PM
#33   SPXU looking like its going to be doing life43 11/21/11 06:04:09 PM
#32   Looking at SPXU again, it is picking up deadjim 09/30/11 08:39:50 AM
#31   your welcome, those are all 3x, like SPXU, SLCtrader 09/30/11 08:39:28 AM
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