The firm said that the ETFs were the first ETFs in the U.S. to provide short exposure or to provide leveraged exposure to commodities or to the Euro and the Yen.
ProShares benchmarked to broad commodities and crude oil indexes and to the Euro and Yen will begin trading on the NYSE Arca today. ProShares benchmarked to gold and silver are expected to begin trading in the next few weeks.
According to a press release, each fund is a series of ProShares Trust II and shares of each will trade separately on the NYSE Arca. Each fund will continuously offer and redeem its shares in blocks of 50,000 shares called Creation Units, which Authorized Participants may purchase and redeem directly from the funds. ProShare Capital Management LLC serves as the Trust’s sponsor.
ProShare Capital Management is part of ProFunds Group, which includes the family of 64 other short and leveraged ProShares ETFs, as well as ProFunds, which offers more than 115 ProFunds mutual funds.
Fund name Ticker Index Daily objective Ultra DJ-AIG Commodity UCD Dow Jones-AIG Commodity Index 200% UltraShort DJ-AIG Commodity CMD Dow Jones-AIG Commodity Index 200% Ultra DJ-AIG Crude Oil UCO Dow Jones-AIG Crude Oil Sub-Index 200% UltraShort DJ-AIG Crude Oil SCO Dow Jones-AIG Crude Oil Sub-Index -200% Ultra Euro ULE EUR/USD daily price change 200% UltraShort Euro EUO EUR/USD daily price change -200% Ultra Yen YCL JPY/USD daily price change 200% UltraShort Yen YCS JPY/USD daily price change -200%
Ultra Gold UGL Gold Bullion price, London p.m. fix 200% UltraShort Gold GLL Gold Bullion price, London p.m. fix –200% Ultra Silver AGQ Silver bullion price, London fix 200% UltraShort Silver ZSL Silver bullion price, London fix -200%
* Before fees and expenses.