New ProShares/Russell ETFs

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 |  Includes: SDK, SFK, SJF, SJL, UKK, UKW, UVG, UVT, UVU
by: Tom Lydon

ProShares launched 12 new ETFs on the American Stock Exchange. The ETFs carry a 0.95% expense ratio and are geared toward short and magnified exposure to six benchmarked Russell indexes. Pete Bucci from Ignites.com stated six of the new funds are "Ultra"-style ETFs which provide a return double of what the market brings in and vice-versa. The other six are "Ultra-Short" ETFs and they provide double the inverse of what the market returns.

  • Ultra Russell 1000 Value (NYSEARCA:UVG)
  • Ultra Russell 1000 Growth (NYSEARCA:UKF)
  • Ultra Russell MidCap Value (NYSEARCA:UVU)
  • Ultra Russell MidCap Growth (NYSEARCA:UKW)
  • Ultra Russell 2000 Value (NYSEARCA:UVT)
  • Ultra Russell 2000 Growth (NYSEARCA:UKK)
  • UltraShort Russell 1000 Value (NYSEARCA:SJF)
  • UltraShort Russell 1000 Growth (NYSEARCA:SFK)
  • UltraShort Russell MidCap Value (NYSEARCA:SJL)
  • UltraShort Russell MidCap Growth (NYSEARCA:SDK)