Topic: How To Invest

Pat: Can I have your views on ProShares Short S&P500 and ProShares UltraShort S&P500? Thanks.

Article Excerpt

U.S.-based ProShares (www.proshares.com) offers a range of short-selling products for U.S. stock indexes. It also sells products that take long positions. ProShares offers three types of exchange traded funds (ETFs). All have MERs of 0.95%. 1) ProShares Short ETFs are designed to move in the opposite direction of the underlying index. For example, ProShares Short S&P500, $37.94, symbol SH on New York, aims to move in the opposite direction of the daily performance of the S&P 500 index. If the S&P 500 index is down 2% on a particular day, the Short S&P500 ETF should be up about 2%. If the S&P 500 index rises 2%, the Short S&P500 ETF should fall 2%. Other short-market index ETFs that ProShares offers include the following: ProShares Short QQQ, $27.73, symbol PSQ on New York, aims to move in the opposite direction of the Nasdaq 100. ProShares Short MidCap400, $28.49, symbol MYY on New York, aims to move in the opposite direction of the S&P 400 MidCap index. ProShares Dow30, $37.36,…