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Stock market bears are getting some new tools.
ProShares, the only provider of exchange-traded funds that short the U.S. stock market, is rolling out a family of products that bet on declines in international equities.
The first two debuted on the American Stock Exchange last week: The Short MSCI EAFE (EFZ Quote) is designed to produce the inverse of the daily return of the Morgan Stanley Capital Investment Europe Australasia Far East index, the most widely followed U.S. benchmark for tracking international equities, while the UltraShort MSCI EAFE (EFU Quote) returns two times the inverse of the index.
The Short MSCI EAFE began trading at $70.20, and the UltraShort MSCI EAFE started at $70.32 on Wednesday. ...
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