The other ETFs being closed by ProShares are the ProShares UltraShort Russell1000 Value (NYSEArca: SJF), ProShares Ultra Russell2000 Growth (NYSEArca: UKK), ProShares UltraShort Russell 2000 Growth ETF (NYSEArca: SKK), ProShares Ultra Russell 2000 Value (UVT), ProShares UltraShort Russell 2000 Value ETF (NYSEArca: SJH), ProShares Russell Ultra3000 ETF (NYSEArca: UWC) and the ProShares UltraShort Russell 3000 ETF (NYSEArca: TWQ).
“After the close of business on January 8, 2015, the funds will no longer accept creation orders. Trading in the funds will be halted prior to market open on January 9, 2015,” according to the ProShares statement.
With the news from ProShares, the number of announced ETF closures in 2014 is close to 100, but more than 200 new ETFs have come to market.
Additionally, ProShares has been expanding its lineup of non-leveraged fare with funds such as the ProShares MSCI EAFE Dividend Growers ETF (NYSEArca: EFAD), ProShares S&P 500 Aristocrats ETF (NYSEArca: NOBL) and the ProShares Morningstar Alternatives Solution ETF (NYSEArca: ALTS) among others.
ETF Trends editorial team contributed to this post.