Leveraged Gold and Silver ETFs Begin Trading

ProFunds Group launched the first exchange traded funds in the United States to provide short or leveraged exposure to gold or silver. The four new ETFs began trading on the NYSE Arca on December 3. They join a line-up of four other Commodities ProShares that launched last week.

ProShares Ticker Index/Benchmark Daily Objective*
Ultra Gold   UGL Gold Bullion price, London p.m. fix 200%
UltraShort Gold GLL Gold Bullion price, London p.m. fix -200%
 
Ultra Silver AGQ Silver bullion price, London fix 200%
 
UltraShort Silver ZSL Silver bullion price, London fix -200%

For a complete listing, see the ProShares ETF Directory.