U.S. Markets close in 1 hr 51 mins
  • S&P 500

    4,132.47
    -30.79 (-0.74%)
     
  • Dow 30

    33,775.08
    -302.55 (-0.89%)
     
  • Nasdaq

    13,774.65
    -140.12 (-1.01%)
     
  • Russell 2000

    2,176.45
    -55.55 (-2.49%)
     
  • Crude Oil

    62.44
    -0.94 (-1.48%)
     
  • Gold

    1,777.70
    +7.10 (+0.40%)
     
  • Silver

    25.83
    -0.00 (-0.01%)
     
  • EUR/USD

    1.2034
    -0.0007 (-0.0602%)
     
  • 10-Yr Bond

    1.5610
    -0.0400 (-2.50%)
     
  • Vix

    18.90
    +1.61 (+9.31%)
     
  • GBP/USD

    1.3938
    -0.0046 (-0.3303%)
     
  • USD/JPY

    108.1280
    -0.0220 (-0.0203%)
     
  • BTC-USD

    55,956.16
    +1,012.52 (+1.84%)
     
  • CMC Crypto 200

    1,274.14
    +39.73 (+3.22%)
     
  • FTSE 100

    6,859.87
    -140.21 (-2.00%)
     
  • Nikkei 225

    29,100.38
    -584.99 (-1.97%)
     

ProShares Debuts Thematic 2x ETFs

  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
Heather Bell
·1 min read
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.

Today, ProShares launched a pair of ETFs offering 2x exposure to the popular themes of cybersecurity and cloud computing. The ProShares Ultra Nasdaq Cybersecurity ETF (UCYB) and ProShares Ultra Nasdaq Cloud Computing ETF (SKYU) both track indexes used by sizable unleveraged ETFs from First Trust.

UCYB comes with an expense ratio of 0.98%, while SKYU charges 0.95%. Both funds list on the Nasdaq exchange.

UCYB shares an index, the liquidity-weighted NASDAQ CTA Cybersecurity Index, with the $3.4 billion First Trust NASDAQ Cybersecurity ETF (CIBR). Meanwhile, SKYU shares its index, the ISE CTA Cloud Computing Index, with the $6 billion First Trust Cloud Computing ETF (SKYY). These are the first ProShares ETFs to offer a leveraged take on a theme, and it’s no surprise given the investor dollars the two themes have already attracted and their strong performance in 2020.  

“The growing need for remote computing, and our increased reliance on secure internet communications and connectivity—existing themes accelerated by the coronavirus pandemic—have expanded the already significant investment opportunities in the cybersecurity and cloud computing industries,” said Michael Sapir, CEO of ProShares.

Earlier this year, Direxion rolled out two new ETFs tracking the cloud computing theme: the Direxion Daily Cloud Computing Bull 2X Shares (CLDL) and Direxion Daily Cloud Computing Bear 2X Shares (CLDS).

Contact Heather Bell at hbell@etf.com

Recommended Stories


Permalink | © Copyright 2021 ETF.com. All rights reserved