ProShares, a premier provider of alternative exchange traded funds (ETFs), today announced the launch of ProShares Ultra DJ-UBS Natural Gas (NYSE: BOIL) and ProShares UltraShort DJ-UBS Natural Gas (NYSE: KOLD), the first ETFs in the United States providing magnified or inverse exposure to natural gas futures.
ProShares Ultra DJ-UBS Natural Gas seeks to provide 2x the daily performance of the Dow Jones-UBS Natural Gas Subindex, before fees and expenses. ProShares UltraShort DJ-UBS Natural Gas seeks to provide -2x the daily performance of the Dow Jones-UBS Natural Gas Subindex, before fees and expenses. The ETFs list on NYSE Arca today.
"There has been strong demand for geared commodity ETFs, as investors have come to recognize the importance of commodities as part of their alternatives allocation," said Michael L. Sapir, Chairman and CEO of ProShare Capital Management, the sponsor of the funds. "We are pleased to introduce the first geared ETFs designed to help investors manage risk or act on their views on natural gas.”
ProShares’ geared commodity ETFs have garnered more than $2.5 billion in assets since being introduced less than three years ago. The launch of BOIL and KOLD expands ProShares’ lineup of geared commodity ETFs to 10, covering silver, gold, crude oil, broad commodities and now natural gas.
|ProShares||Ticker Symbol||Index/Benchmark||Daily Objective|
|New Commodity ETFs|
|Ultra DJ-UBS Natural Gas||BOIL||Dow Jones-UBS Natural Gas Subindex SM||2x|
|UltraShort DJ-UBS Natural Gas||KOLD||Dow Jones-UBS Natural Gas Subindex SM||-2x|
|Existing Commodity ETFs|
|Ultra Silver||AGQ||Silver Bullion price, London fix||2X|
|UltraShort Silver||ZSL||Silver Bullion price, London fix||-2x|
|Ultra Gold||UGL||Gold Bullion price, London p.m. fix||2x|
|UltraShort Gold||GLL||Gold Bullion price, London p.m. fix||-2x|
|Ultra DJ-UBS Crude Oil||UCO||Dow Jones-UBS Crude Oil Subindex SM||2x|
|UltraShort DJ-UBS Crude Oil||SCO||Dow Jones-UBS Crude Oil Subindex SM||-2x|
|Ultra DJ-UBS Commodity||UCD||Dow Jones-UBS Commodity Subindex SM||2x|
|UltraShort DJ-UBS Commodity||CMD||Dow Jones-UBS Commodity Subindex SM||-2x|