3x S&P 500 ETFs Launch
ETFs that return 300% of the S&P 500 daily performance have started trading.
The UltraPro S&P 500 (UPRO) and the UltraPro Short S&P 500 (SPXU), both from ProFunds, are the first ETFs designed to seek triple exposure to the S&P 500 on a daily basis.
ProFunds Group is the world’s largest manager of short and leveraged funds.
See the ProShares ETF Directory for more.
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