ProShares suspends new creations in handful of ETFs

|About: ProShares Ultra Bloomber... (UCD)|By:, SA News Editor

"There ETFs could skew HARD (usually higher) away from NAV," warns Stifel's Dave Lutz. ProShares this morning has suspended the ability to buy new units in the following ETFs: UCD, CMD, BOIL, KOLD, GDAY, CROC, ULE, EUFX, YCL, SVXY, and VIXM, "pending the effectiveness of a post-effective amendment to the funds’ registration statement."

Brendan Conway notes any moves higher - should they occur - would likely be temporary, noting something similar happened in a VelocityShares product two years ago.