Eight new ProShares ETFs hit the market Tuesday. The funds come in four pairs of two corresponding daily 3x and -3x objective ETFs, each seeking returns of 300 and -300 percent, respectively, of the return of an index for a single day, according to a release.

Michael Sapir ProFunds Chairman and CEO

The new +3x funds include:

UltraPro QQQ

UltraPro Dow 30

UltraPro MidCap400

UltraPro Russell2000

The new -3x funds include:

UltraPro Short QQQ

UltraPro Short Dow 30

UltraPro Short MidCap400

UltraPro Short Russell2000

All of the ETFs carry a 95 basis points expense ratio. The funds are advised by ProShares Advisors.

Three of the fund pairs trade on the NYSE Arca and the UltaPro QQQ pair trades on the NASDAQ. 

Edited by: Daniel Tovrov


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