ProFunds Launches Short, Leveraged Exposure ETFs

ProFunds Group announced the launch of a dozen new exchange-traded funds (ETFs).

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.

Available Now

Fund nameTickerIndexDaily objective
Ultra DJ-AIG Commodity UCDDow Jones-AIG Commodity Index200%
UltraShort DJ-AIG CommodityCMDDow Jones-AIG Commodity Index200%
Ultra DJ-AIG Crude OilUCODow Jones-AIG Crude Oil Sub-Index200%
UltraShort DJ-AIG Crude Oil SCODow Jones-AIG Crude Oil Sub-Index-200%
Ultra EuroULEEUR/USD daily price change200%
UltraShort EuroEUOEUR/USD daily price change-200%
Ultra Yen YCLJPY/USD daily price change200%
UltraShort YenYCSJPY/USD daily price change-200%

Coming Soon

Ultra GoldUGLGold Bullion price, London p.m. fix200%
UltraShort GoldGLLGold Bullion price, London p.m. fix200%
Ultra SilverAGQSilver bullion price, London fix200%
UltraShort SilverZSLSilver bullion price, London fix-200%

* Before fees and expenses.