“Many savvy investors believe that taking advantage of tactical allocation opportunities will be the key to successful investing in the near term,” said Michael L. Sapir, chairman and CEO of ProShares. “These new ETFs provide knowledgeable investors with additional tools to act on short-term moves in popular U.S. indexes.”
The new funds are the: UltraPro QQQ, UltraPro Dow30, UltraPro MidCap400, UltraPro Russell2000, UltraPro Short QQQ, UltraPro Short Dow30, UltraPro Short MidCap400 and UltraPro Short Russell2000.