New ProShares ETFs Allow Investors to Short This Year's Top Performing Indexes

For those that haven't seen them yet, ProShares recently issued new Short and UltraShort International ETFs that go in the opposite direction of the underlying indices that they represent.

For the Short ETFs, when the underlying indices go down, the ETF goes up by the same amount. For the UltraShort ETFs, when the underlying indices go down, the ETF goes up by twice that amount.

These new ETFs track the MSCI Emerging Markets and EAFE indices, along with MSCI Japan and FTSE/Xinhua China 25 (which have yet to begin trading).

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With the gains that many of these international indices have had this year, investors are welcoming the chance to bet against them.

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