ProShares Launches First and Only 3x and -3x Crude Oil ETFs
BETHESDA, Md. (March 27, 2017) – ProShares, the world’s largest sponsor of leveraged and inverse ETFs, announced today the launch of the first and only daily 3x leveraged and inverse crude oil ETFs. ProShares UltraPro 3x Crude Oil ETF (OILU) and ProShares UltraPro 3x Short Crude Oil ETF (OILD) are benchmarked to the Bloomberg WTI Crude Oil SubindexSM. OILU and OILD are listed on NYSE Arca.
“With OILU and OILD, investors can, for the first time, obtain daily 3x and -3x exposure to crude oil with the liquidity, transparency and cost-effectiveness of ETFs,” said Michael L. Sapir, chief executive officer of ProShare Capital Management, the ETFs’ sponsor. “We are pleased to provide these additional investment choices to knowledgeable investors who pursue tactical strategies.”
ProShares is also the only sponsor in the U.S. to offer 2x and -2x crude oil ETFs. The full suite of leverage and inverse crude oil ETFs includes:
|UltraPro 3x Crude Oil ETF||OILU||3x||Bloomberg WTI Crude Oil Subindex|
|UltraPro 3x Short Crude Oil ETF||OILD||-3x||Bloomberg WTI Crude Oil Subindex|
|Ultra Bloomberg Crude Oil||UCO||2x||Bloomberg WTI Crude Oil Subindex|
|UltraShort Bloomberg Crude Oil||SCO||-2x||Bloomberg WTI Crude Oil Subindex|
ProShares has been at the forefront of the ETF revolution since 2006. ProShares now offers one of the largest lineups of ETFs, with more than $26 billion in assets. The company is the leader in strategies such as dividend growth, alternative and geared (leveraged and inverse). ProShares continues to innovate with products that provide strategic and tactical opportunities for investors to manage risk and enhance returns.
Tucker Hewes, Hewes Communications, Inc., 212.207.9451, email@example.com
ProShares, 866.776.5125, ProShares.com
Mar 27, 2017