Competition Is Heating Up In The Triple Leveraged ETF World (FAZ, FAS, UPRO, SPXU)

The world of leveraged ETF’s has been heating up as Proshares has launched their two new triple ETF’s.  Direxion a competing sponsor already has several leveraged products in this field.  The triple leveraged products have become extremely popular to investors, as it allows them to trade with leverage at a  low expense. 

ProShares Files For UltraPro and UltraPro Short 3X Leverage Of S&P 500 ETF’s (ETF: UPRO, SPXU)

ProShares filed to launch an exchange-traded fund seeking to provide 300% of the daily returns of the S&P 500. Proshares also requested approval from the SEC for a new ETF that would give investors 300% short exposure of the index. The Funds are to trade as follows: ProShares UltraPro S&P500 Ticker: UPRO, ProShares UltraPro Short S&P500 Ticker: […]