ProShares And KBW Announce The Launch Of The First Leveraged And Inverse Regional Banking ETFs
ProShares, the leading manager of leveraged and inverse ETFs, 1 and KBW (NYSE: KBW), the largest full-service investment bank specializing in the financial services sector, announced today the launch of the first ETFs providing leveraged or inverse exposure to the regional banking sector.
The ETFs seek to provide 200% or -100% of the return of the KBW Regional Banking Index SM for a single day, before fees and expenses. The KBW Regional Banking Index, the most widely used benchmark for U.S. regional banking stocks, 2 was created and is managed by KBW.
The new ProShares ETFs, Ultra KBW Regional Banking (KRU) and Short KBW Regional Banking (KRS), will list on NYSE Arca today.
“We’re pleased to provide investors with ProShares ETFs on the regional banking sector,” said Michael L. Sapir, Chairman and CEO of ProShare Advisors LLC, ProShares' investment advisor. “Many investors follow regional banking stocks, and these ETFs provide them with additional tools to act on their views.”“We are excited about teaming with ProShares to bring investors these valuable new tools for managing exposure to regional banks,” added John N. Howard, Co-Director of Research at KBW.
|New Regional Banking Sector ProShares|
|Ultra KBW RegionalBanking||KRU||KBW Regional Banking Index||+200% Daily||NYSE Arca|
|Short KBW RegionalBanking||KRS||KBW Regional Banking Index||-100% Daily||NYSE Arca|
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV