NYSE Arca, a wholly-owned subsidiary of NYSE Euronext, began trading four UltraShort ProShares ETFs, sponsored by ProShare Advisors LLC.
Name and Ticker Symbol of the Four ProShares Ultra ETFs:
ProShares UltraShort MSCI Europe-Ticker Symbol EPV ProShares UltraShort MSCI Pacific ex-Japan Ticker Symbol JPX ProShares UltraShort MSCI Brazil Ticker Symbol BZQ ProShares UltraShort MSCI Mexico Investable Market Ticker Symbol SMK
ProShares UltraShort MSCI Europe seeks daily investment results, before fees and expenses that correspond to twice (200%) the inverse (opposite) of the daily performance of the MSCI Europe Index.
ProShares UltraShort MSCI Pacific ex-Japan seeks daily investment results, before fees and expenses that correspond to twice (200%) the inverse (opposite) of the daily performance of the MSCI Pacific ex-Japan Index.
ProShares UltraShort MSCI Brazil seeks daily investment results, before fees and expenses that correspond to twice (200%) the inverse (opposite) of the daily performance of the MSCI Brazil Index.
ProShares UltraShort MSCI Mexico Investable Market seeks daily investment results, before fees and expenses that correspond to twice (200%) the inverse (opposite) of the daily performance of the MSCI Mexico Investable Market Index.
These funds seek a -200% return of an index for a single day. Due to the compounding of daily returns, returns over periods other than one day will likely differ in amount and possibly direction from the target return for the same period.
L.D.