ProShares will resume creating new shares of ProShares UltraShort Financials (SKF) and ProShares Short Financials (SEF) exchange traded funds on October 9, 2008.
ProShares and Rydex announced that they will not create new shares of their respective short financial funds until further notice.
There are close to 200 sector, sub-sector and industry focused ETFs in the ETF MarketPro Directory.
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.