ProShares To List Two New Biotech ETFs
Symbols: IBB
ProShares is looking to cash in on the biotech sector with the introduction of the Ultra Nasdaq Biotechnology ETF, a doubled leveraged ETF that will track the Nasdaq Biotechnology Index (Nasdaq: IBB).
ProShares will also introduce a bearish equivalent, the UltraShort Nasdaq Biotechnology ETF, which also be double leveraged. Tickers were not disclosed for either ETF.
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