ProFunds Launches New Gold/Silver ETFs
According to a press release, the four new ETFs will begin trading on the NYSE Arca today. They join a line-up of four other Commodities ProShares that launched last week (see ProFunds Launches Short/Leveraged Exposure ETFs ).
ProShare Capital Management is part of ProFunds Group, which includes the family of 76 short and leveraged ProShares ETFs as well as ProFunds, which offers more than 115 ProFunds mutual funds.
ProShares | Ticker | Index/Benchmark | Daily Objective* | |||
Ultra Gold | UGL | Gold Bullion price, London p.m. fix | 200% | |||
UltraShort Gold | GLL | Gold Bullion price, London p.m. fix | -200% | |||
Ultra Silver | AGQ | Silver bullion price, London fix | 200% | |||
UltraShort Silver | ZSL | Silver bullion price, London fix | -200% | |||
Ultra DJ-AIG Commodity | UCD | Dow Jones-AIG Commodity Index SM | 200% | |||
UltraShort DJ-AIG Commodity | CMD | Dow Jones-AIG Commodity Index SM | -200% | |||
Ultra DJ-AIG Crude Oil | UCO | Dow Jones-AIG Crude Oil Sub-Index SM | 200% | |||
UltraShort DJ-AIG Crude Oil | SCO | Dow Jones-AIG Crude Oil Sub-Index SM | -200% | |||
class="bwcellparagraphmargin"> * Before fees and expenses. |
Each fund is a series of ProShares Trust II and shares of each will trade on the NYSE Arca. Each fund will continuously offer and redeem its shares in blocks of 50,000 shares called Creation Units, which Authorized Participants may purchase and redeem directly from the funds. ProShare Capital Management LLC serves as the Trust's sponsor.
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