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Last Post: 11/20/2020 7:51:27 PM - Followers: 38 - 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
#162   At least SPXU is back to my average Agoura Guy 11/20/20 07:51:27 PM
#161   42 ps back in mar Jlane3965 11/19/20 08:33:45 AM
#160   Some folks haven't drawn these lines : Perhaps nowwhat2 11/14/20 11:07:28 PM
#159   Haha Jlane3965 11/12/20 09:22:20 AM
#158   I loaded up at fire sale prices bringing Agoura Guy 11/09/20 11:07:58 PM
#157   “Something tells me, this forum will get a Jlane3965 11/06/20 09:32:52 AM
#156   https://www.bloomberg.com/news/articles/2020-11-01/european-leaders-driven-to-ne Jlane3965 11/03/20 10:04:40 AM
#155   December, we’re gonna be like Europe is now. Jlane3965 11/03/20 08:02:57 AM
#154   Keeping an eye on it as well. Election GangstaRIB 11/02/20 09:57:06 AM
#153   https://usafacts.org/covid-recovery-hub/ Jlane3965 10/31/20 06:53:47 AM
#152   "I'm thinking this will get back to $40..." Jlane3965 10/30/20 01:20:34 PM
#151   Added $7.78 Agoura Guy 10/09/20 02:01:13 PM
#150   Bought at $9.15 Agoura Guy 09/22/20 03:53:21 PM
#149   $12 SPXU in October!!!! Agoura Guy 09/21/20 10:35:56 PM
#148   Got some more 8.50 calls for sept 25th Mrxstocks 09/02/20 11:55:42 AM
#147   Also holding $8.50 sept calls Mrxstocks 09/01/20 11:34:08 AM
#146   Grabbed some $11 calls here for oct Mrxstocks 09/01/20 11:33:53 AM
#145   SP gonna go down hard. Best place to trunkmonk 07/15/20 07:24:07 AM
#144   loading up on SPXU and PSQ next week Nebuchadnezzar 07/10/20 04:16:25 PM
#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
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