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Last Post: 5/28/2020 11:15:31 AM - Followers: 35 - 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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PostSubject
#143   Time to load IMO! Grandmasim 05/28/20 11:15:31 AM
#142   SPXU-200 at 14.45 just now Nebuchadnezzar 05/18/20 10:50:16 AM
#141   $SPXU Accumulating dips. ReservedRisk 04/26/20 10:09:35 PM
#140   Took a small position earlier. Currently trending slowly luckydude777 04/23/20 04:26:16 PM
#139   It sure does seem like we are about zsvq1p 04/22/20 04:15:06 PM
#138   Fed printed $2 T and it got SPX str8_chuter 04/21/20 02:49:28 PM
#137   I'm thinking the new PPP is going to zsvq1p 04/21/20 01:18:26 PM
#136   Nice uptick today... zsvq1p 04/21/20 11:16:37 AM
#135   OK, the Fed has now shot its wad. str8_chuter 04/20/20 06:04:02 PM
#134   I know it doesn’t make sense. It Hutch321 04/14/20 01:45:50 PM
#133   Examples Take a look at the performance stats in tw0122 04/13/20 06:05:31 PM
#132   Sure.. It makes sense unemployment up 6 million zsvq1p 04/09/20 09:34:56 AM
#131   Yesterday's last 10 minutes action, when the S&P tw0122 04/08/20 05:20:21 PM
#130   There is an old saying... zsvq1p 04/08/20 07:25:00 AM
#129   Regardless of when the lock down orders are str8_chuter 04/07/20 08:47:17 PM
#128   It only makes sense we shut down the zsvq1p 04/06/20 06:50:23 AM
#127   "I'm thinking this will get back to $40..." str8_chuter 04/01/20 07:30:14 PM
#126   I'm thinking this will get back to $40... zsvq1p 04/01/20 04:53:51 PM
#125   Loaded the boat. This will fly like TVIX Trons 03/19/20 06:04:47 PM
#124   Touching $34s today... trevor68 03/12/20 06:53:48 AM
#123   from your mouth to God's ears starbuxsux 03/09/20 11:18:04 AM
#122   Yep, most likely. str8_chuter 03/09/20 07:56:48 AM
#121   I believe that headlines will steam roll through trevor68 03/08/20 02:36:08 PM
#120   t68, Aye, perhaps so. SPX support at 2850 str8_chuter 03/07/20 10:42:45 PM
#119   Something tells me, this forum will get a trevor68 03/07/20 02:20:31 PM
#118   ditto! starbuxsux 02/25/20 03:22:07 PM
#117   Go go gooooo $SPXU Penny Planet 12/10/18 11:01:25 AM
#116   Huge "weeeeeeee" time, watch how bloody the DOW Penny Planet 12/09/18 09:38:28 PM
#115   SPXU buy 11.23 stocktrademan 02/13/18 04:29:25 PM
#114   true but it could go sideways if this ernie44 03/23/17 10:23:30 PM
#113   well it looks like it may be about jsc52033 03/23/17 06:25:58 PM
#112   Media junkies are saying the S&P WILL ernie44 01/19/17 01:08:22 PM
#111   yes saw the activity but was busy today ernie44 01/18/17 10:05:56 PM
#110   I think the market has a nice healthy acrazjo 01/18/17 07:58:20 PM
#109   Shuda kuda now its 19.45 ernie44 01/08/17 09:07:43 PM
#108   Yes. I was looking for something to Retire43 07/19/16 06:59:24 PM
#107   That's why you trade it :) Ownwallstreet 07/19/16 05:55:39 PM
#106   If you would have bought the very low Retire43 07/19/16 04:59:42 PM
#105   If you would have bought the very low Retire43 07/19/16 04:59:34 PM
#104   I wouldn't know, I trade in and out Ownwallstreet 07/19/16 02:48:58 PM
#103   In May 2015 mkt high 2134. SPXU Retire43 07/19/16 01:45:13 PM
#102   I agree. Ownwallstreet 07/19/16 01:03:15 PM
#101   Yes. SPX is stuck right here now. I Retire43 07/19/16 12:54:28 PM
#100   This is true. I actually took a position Ownwallstreet 07/19/16 11:50:38 AM
#99   As active as this ETF trades, this board Retire43 07/18/16 04:35:42 PM
#98   Thoughts??? mrPiNK 05/04/16 08:32:48 AM
#97   Yes, I have 33 near term target Ownwallstreet 03/23/16 02:43:39 PM
#96   I think we are on our way to CafeRacerNYC 03/16/16 08:38:00 PM
#95   Is there anyone here that is thinking this Retire43 03/03/16 02:23:52 PM
#94   looking better today jsc52033 09/23/15 03:49:08 PM
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