NEWS CENTER Press Releases

ProShares Launches Firm’s First Leveraged Thematic ETFs

ProShares Ultra Nasdaq Cybersecurity (UCYB) and Ultra Nasdaq Cloud Computing (SKYU)

Bethesda, MD – January 21, 2021 – Today, premier ETF provider ProShares launched its first leveraged thematic investing ETFs.

ProShares Ultra Nasdaq Cybersecurity (UCYB) seeks investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the Nasdaq CTA Cybersecurity Index. ProShares Ultra Nasdaq Cloud Computing (SKYU) seeks investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the ISE CTA Cloud Computing Index.

“The growing need for remote computing, and our increased reliance on secure internet communications and connectivity—existing themes accelerated by the coronavirus pandemic—have expanded the already significant investment opportunities in the cybersecurity and cloud computing industries,” says ProShares CEO Michael L. Sapir. “Our new ETFs will offer investors a way to gain leveraged exposure to these rapidly changing industries in a transparent ETF format.”

UCYB’s index provides access to companies classified as “cybersecurity” by the Consumer Technology Association (“CTA”)—companies focused primarily on the building, implementation and management of technologies to protect networks, computers and mobile devices from cyber threats. SKYU’s index provides access to companies classified as “cloud computing” by the CTA—firms providing Infrastructure-as-a-Service (servers, storage, and networks), Platform-as-a-Service (systems for the creation of online software) and Software-as-a-Service (software applications delivered over the internet) to their customers and end users. Both indexes are managed by Nasdaq.

ProShares is a leader in thematic investing, with eight ETFs in its lineup. UCYB and SKYU build on the firm’s success in this space by adding new leveraged opportunities to the company’s strategic lineup of retail disruption, infrastructure, pet care and transformational changes ETFs.

About ProShares

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 $45 billion in assets. The company is the leader in strategies such as dividend growth, interest rate hedged bond and geared (leveraged and inverse) ETF investing. ProShares continues to innovate with products that provide strategic and tactical opportunities for investors to manage risk and enhance returns.

Media Contact:

Tucker Hewes, Hewes Communications, Inc., 212.207.9451, tucker@hewescomm.com

Investor Contact:

ProShares, 866.776.5125, ProShares.com

Jan 21, 2021