ETF Trends
ETF Trends

ProShares has taken its leveraged and inverse exchange traded fund (ETF) lineup one step further: the provider has launched eight funds that deliver plus or minus 300% of their underlying indexes on a daily basis.

The new ETFs seek to deliver plus or minus 300% in four major indexes: the NASDAQ-100, Dow Jones Industrial Average, S&P MidCap 400 and Russell 2000. The ETFs are:

  • UltraPro Dow30 (NYSEArca: UDOW)
  • UltraPro MidCap400 (NYSEArca: UMDD)
  • UltraPro Russell2000 (NYSEArca: URTY)
  • UltraPro QQQ (NASDAQ: TQQQ)
  • UltraPro Short Dow30 (NYSEArca: SDOW)
  • UltraPro Short MidCap 400 (NYSEArca: SMDD)
  • UltraPro Short QQQ (NASDAQ: SQQQ)
  • UltraPro Short Russell 2000 (NYSEArca: STRY)

These launches follow last summer’s launch of ProShares’ first funds to offer triple leverage: UltraPro S&P500 (NYSEArca: UPRO) and UltraPro Short S&P500 (NYSEArca: SPXU). [More on the Launch Is Here.]

Leveraged and inverse ETFs are not for everyone. ProShares new funds, like most leveraged and inverse ETFs, are designed to track their underlying indexes on a daily basis. If you plan to hold them longer, it’s important to understand the long-term impact of the markets and volatility on such ETFs. Read our special report on leveraged and inverse ETFs before you buy to see if these funds would be right for you. [All About Leveraged and Inverse 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.