Topic: How To Invest

Pat: Your views on ProShares Short S&P500 and ProShares UltraShort S&P500. Thanks.

Article Excerpt

U.S.-based ProShares 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, $55.75, 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: ProShares Short QQQ, $47.63, symbol PSQ on New York, aims to move in the opposite direction of the Nasdaq 100. ProShares Short MidCap 400, $47.11, symbol MYY on New York, aims to move in the opposite direction of the S&P 400 MidCap…