ProShares To Shut Down 17 Leveraged And Inverse ETFs

ProShares – best known for its leveraged and inverse ETF lineup – has recently announced that it will close and liquidate 17 ETFs. The issuer currently has roughly 150 products listed in the U.S. markets spread across various categories such as Inverse Bonds, Inverse Equities, Currency, Financials Equities, Hedge Fund, Volatility and Leveraged Commodities. The 17 ETFs to be shuttered represent roughly 11% of total ETFs for the company.

Most of the ETFs to be closed belong to the leverage and inverse strategies category and have been unsuccessful in gathering decent assets. All the products to be closed have less than $20 million of assets under management (AUM), with most of them managing under $5 million AUM. The funds will cease to trade by January 9, and ProShares expects to distribute the proceeds of the liquidation to shareholders by January 22 (read: Top ETF Stories of 2014 Worth Watching in 2015).

Below we have highlighted the list of 17 ETFs to be closed along with their fund size.

 

FUND NAME TICKER AUM (Million)
Short 30 Year TIPS/TSY Spread FINF $4.20
UltraPro 10 Year TIPS/TSY Spread UINF $1.40
UltraPro Short 10 Year TIPS/TSY Spread SINF $2.40
Ultra Russell MidCap Growth UKW $11.90
UltraShort Russell MidCap Growth SDK $0.70
Ultra Russell MidCap Value UVU $7.30
UltraShort Russell MidCap Value SJL $0.40
Ultra Russell1000 Growth UKF $13.90
UltraShort Russell1000 Growth SFK $1.30
Ultra Russell 2000 Value UVT $9.35
UltraShort Russell 2000 Value SJH $1.63
Ultra Russell 3000 UWC $10.4
Ultra Russell1000 Value UVG $5.80
UltraShort Russell1000 Value SJF $0.60
Ultra Russell2000 Growth UKK $15.90
UltraShort Russell 3000 TWQ $0.53
UltraShort Russell2000 Growth SKK $3.10
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