Daily ETF Watch: ProShares’ 20-Fund Filing

ProShares plans inverse/leveraged funds for all the hot sectors.

Reviewed by: Heather Bell
Edited by: Heather Bell

A filing from ProShares indicates it has ambitious plans for some of the market’s most popular hot spots. The paperwork outlines 20 inverse and leveraged funds covering four key areas: the China A-shares market, MLPs, cyber security and pharmaceuticals.


Each suite of five funds will include an UltraPro (3x), an Ultra (2x), an Ultra Short (-2x), a Short (-1x) and an UltraPro Short (-3x) ETF, as shown below:


China A-Shares

  • ProShares UltraPro China A Shares
  • ProShares Ultra China A Shares
  • ProShares Short China A Shares
  • ProShares UltraShort China A Shares
  • ProShares UltraPro Short China A Shares



  • ProShares UltraPro MLP
  • ProShares Ultra MLP
  • ProShares Short MLP
  • ProShares UltraShort MLP
  • ProShares UltraPro Short MLP


Cyber Security

  • ProShares UltraPro Cyber Security
  • ProShares Ultra Cyber Security
  • ProShares Short Cyber Security
  • ProShares UltraShort Cyber Security
  • ProShares UltraPro Short Cyber Security



  • ProShares UltraPro Pharmaceuticals
  • ProShares Ultra Pharmaceuticals
  • ProShares Short Pharmaceuticals
  • ProShares UltraShort Pharmaceuticals
  • ProShares UltraPro Short Pharmaceuticals


While the pharmaceuticals ETFs will be tied to the S&P Pharmaceuticals Select Industry Index, the rest of filing did not specify indexes for the other categories. All four areas have recently either seen very successful ETF launches, such as in the case of the $1.1 billion PureFunds ISE Cyber Security ETF (HACK | C-31), or enjoyed a great deal of investor attention in the markets.


The filing did not include tickers or expense ratios.


AdvisorShares Closes DBIZ

Yesterday, AdvisorShares shuttered its AdvisorShares Pring Turner Business Cycle ETF (DBIZ); the fund’s last day of trading was Friday, Oct. 2.


DBIZ was an actively managed fund that relied on technical, fundamental and business cycle analysis and used a sector rotation approach. It could invest in equities and fixed income, including via other ETFs. The fund came with a rather hefty expense ratio of 1.68 percent.


When it closed, the fund had less than $5 million in assets under management.

Contact Heather Bell at [email protected].


Heather Bell is a former managing editor of etf.com. She has also held editorial positions at Dow Jones Indexes and Lehman Brothers. Bell is a graduate of Dartmouth college and resides in the Denver area with her two dogs.