New ProShares ETFs Go 3X
February 12, 2010 at 14:37 PM EST
Some people just can’t get enough leverage, apparently. Today ProShares unveiled eight new ETFs offering long and inverse exposure to popular stock indexes with 300% daily leverage objectives. Day traders should be pleased. The new bullish funds are: ProShares UltraPro Dow30 ( UDOW ) ProShares UltraPro S&P MidCap400 ( UMDD ) ProShares UltraPro QQQ ( TQQQ ) ProShares UltraPro Russell2000 ( URTY ) The new inverse ETFs are: ProShares UltraPro Short Dow30 ( SDOW ) ProShares UltraPro Short S&P MidCap400 ( SMDD ) ProShares UltraPro Short QQQ ( SQQQ ) …
