ProShares announced that it will execute reverse share splits on nine ProShares ETFs. The reverse splits will be effective for shareholders of record after the close of the markets on April 14, 2010.
Some analysts point to over production as a driver of lower crude prices. The International Energy Agency reports that OPEC has increased production by 330,000 barrels a day since April as some members ignore quotas to generate additional revenue to help cope with the recession.
Oil Services ETFs provide investors a way to take a position in Oil Services with instant diversification and at a low cost.
Natural Gas ETFs are a good way to invest in the world’s ever growing demand for energy. Several flavors of natural gas ETFs are on the market to match almost every variation of risk appetite.
ProShares added two ETFs to their Short line-up this week – Short Oil & Gas (DDG) and Short Financials(Amex: SEF). Both ETFs have a daily objective of 100% of the inverse of their benchmark index.