ProShares, a premier provider of alternative exchange traded funds (ETFs), including the only VIX futures ETFs in the United States, today announced the expansion of its lineup with the launch of the first ETFs in the United States designed to provide magnified or inverse exposure to VIX futures. The ProShares Ultra VIX Short-Term Futures ETF (NYSE: UVXY) seeks to provide 2x the daily performance of the S&P 500 VIX Short-Term Futures Index, before fees and expenses. The ProShares Short VIX Short-Term Futures ETF (NYSE: SVXY) seeks to provide -1x the daily performance of the S&P 500 VIX Short-Term Futures Index, before fees and expenses. The ETFs list on NYSE Arca today. "Many investors are focused on volatility of the equity markets and are interested in tools that could help manage or incorporate volatility in sophisticated portfolios," said Michael L. Sapir, Chairman and CEO of ProShare Capital Management, the sponsor of the funds. "Now, with our introduction of these new ProShares, investors for the first time can get leveraged or inverse exposure to VIX futures with an exchange traded fund." Since the financial crisis, there has been heightened attention on equity market volatility. ProShares introduced the nation’s first two VIX futures ETFs in early 2011. Today’s launch expands the firm’s lineup of the nation’s only VIX futures ETFs to four, providing investors a suite of tools to help manage risk or to act on views on volatility.
|New Volatility ETFs|
|Ultra VIX Short-TermFutures||UVXY||S&P 500 VIX Short-Term Futures||2x|
|Short VIX Short-TermFutures||SVXY||S&P 500 VIX Short-Term Futures||-1x|
|Existing Volatility ETFs|
|VIX Short-Term Futures||VIXY||S&P 500 VIX Short-Term Futures||1x|
|VIX Mid-Term Futures||VIXM||S&P 500 VIX Mid-Term Futures||1x|
This information must be accompanied or preceded by a current ProShares Trust II prospectus available here . ProShares Trust II (issuer) has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC website at sec.gov . Alternatively, the issuer will arrange to send you the prospectus if you request it by calling toll-free (866) 776.5125, or visit proshares.com .“Standard & Poor's, ®” “S&P, ®” “S&P 500, ®” “Standard & Poor's 500, ®” “S&P 500 ® VIX ® Short-Term Futures Index, TM” and “S&P 500 ® VIX ® Mid-Term Futures Index, TM” are trademarks of Standard & Poor's Financial Services LLC (“S&P”) and have been licensed for use by ProShares. “VIX ®” is a trademark of the Chicago Board Options Exchange, Incorporated (“CBOE”) and CBOE has agreed that S&P may use the “VIX ®” trademark in the names of the Indexes as licensed to ProShares. ProShares have not been passed on by S&P or CBOE or their respective affiliates as to their legality or suitability. ProShares are not sponsored, endorsed, sold or promoted by S&P or CBOE or their respective affiliates, and S&P and CBOE and their respective affiliates make no representation regarding the advisability of investing in ProShares. THESE ENTITIES AND THEIR AFFILIATES MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO PROSHARES. ProShares are distributed by SEI Investments Distribution Co., which is not affiliated with the funds' advisor or sponsor.