ProShares Adds 3x, -3x Financials ETFs

ProShares added a pair of products designed for investors looking to bet on the short term performance of the often volatile financial sector today. Two new ETFs, the ProShares UltraPro Financials (FINU) and ProShares UltraPro Short Financials (FINZ) will offer 300% daily leveraged exposure to the Dow Jones U.S. Financials Index, a benchmark that consists of large banking institutions. The iShares Dow Jones U.S. Financial Sector Index Fund (IYF) offers non-leveraged exposure to that benchmark. IYF, which is up about 11% so far in 2012, makes its largest individual allocations to Wells Fargo, JP Morgan, and Berkshire Hathaway. The financial sector has continued to exhibit significant volatility in 2012, creating potentially attractive opportunities for active traders looking to profit from short term swings in either direction. IYF, for example, has shown considerably greater volatility than the S&P 500 so far in 2012 [for actionable investment ideas, sign up for the free [...] Click here to read the original article on ETFdb.com. Related Posts: ProShares Planning Short, Leveraged Regional Bank ETFs Most Popular ETFs: Leveraged, Financial ETFs Among Winners Seven Surprising ETF Trading Stats FINRA Zeroes In On Leveraged ETFs How To Fix the Leveraged ETF Mess