ProShares

Rydex will close 12 of its leverage exchange-traded funds, saying farewell to an industry largely locked down by larger issuers Direxion and ProShares. The closures follow its acquisition by Guggenheim Capital. The twelve funds to be closed are: 1. Rydex 2X Russell 2000 (RRY) 2. Rydex Inverse 2X Russell 2000 (RMM) 3. Rydex 2X S&P [...]

It is no secret on Wall Street that leveraged and short funds eventually go to $0, but ProShares hopes a reverse split can bring nine of its funds back from the dead. ProShares will enact a reverse split after the closing bell on April 14, hoping to breathe some life into nine plummeting funds. The [...]

ProShares has filed with the SEC to create five new leveraged or inverse funds, expanding the already largest lineup of leveraged products by any one issuer. The new funds tackle popular sectors such as China, bio-tech, basic materials and real estate. The five new funds are: 1. Short FTSE/Xinhua China (YXI) 2. Ultra Nasdaq Biotechnology [...]

In furthering its hold in the niche market, ProShares has filed to create 16 new exchange-traded funds, all of which will be triple leveraged. The funds look to be a threat to Direxion, another fund company which has competed directly with ProShares for the leveraged space. The 16 new funds are as follows: 1. UltraPro [...]

Volume on US Treasury ETFs grew 10% higher than the average as investors took bets on how this week’s record issuance would be received by investors. The Treasury will auction a record of $118 billion in debt this week alone. Today, the US Treasury auctioned $44 billion worth of two-year notes to strong bidding from [...]

Despite the CTFC-inspired closure of the Direxion 3x Oil ETF Fund (DXO), Direxion is still planning to introduce additional leveraged products. The four new funds, however, will avoid the questionable commodities sectors and instead look for more traditional ETF plays. The following are the four proposed funds: 1. Direxion Daily S&P 500 Bull 3x Shares [...]

Close inspection into September’s ETF inflows suggests that investors are concerned about inflation. The top exchange-traded funds were anti-dollar and anti-US stocks. SPDR Gold Shares (GLD: Quote, Profile, Advanced Chart, News) raked in an astounding $2 billion, followed by iShares Barclay TIPS fund (TIP: Quote, Profile, Advanced Chart, News) at $847 million. Emerging market funds [...]

With the S&P 500 retouching the psychological 1,000 barrier, investors are beginning to flow back into double leveraged funds. Inverse leverage fund volume indicates that traders may not be willing to continue the market’s rally. Direxion Daily Financial Bear 3X Shares (FAZ: Quote, Profile, Advanced Chart, News) is one of the largest movers, with the [...]

ProShares has announced an immediate launch of a new reverse Treasury ETF designed to track the inverse return of long dated Treasuries. The new fund launches just before the Fed halts its Treasury purchase program, which many analysts believe will send the price of Treasuries lower. The new fund, named ProShares Short 20+ Year Treasury [...]

The CTFC has withdrawn two exemptions for ProShares and Deutsche Bank, hindering their ability to buy into positions on the futures exchanges. The decision will not go into effect until October 31, 2009, giving the issuers time to reallocate and reinvest their assets in an alternative underlying index, according to ETF Guide. The CTFC believes [...]