ProShares exchange traded funds (ETFs) officially passed the $7 billion mark, after only a little over a year. ProShares’ ETF line up includes the short or magnified exposure to certain indexes. Lately these ETFs have been in the limelight because they are designed to go up as the market moves down. Investors can use them to profit from anticipated market drops. One does not need to open a special margin account with their brokerage firm to buy and sell these ETFs.
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.