ProShares to List Merger ETF on BATS Exchange
ProShares, the largest issuers of inverse and leveraged ETFs, will list its newest ETF, the ProShares Merger ETF, on the BATS exchange when the ETF debuts on Thursday, December 13. The ProShares Merger ETF will trade on BATS under the ticker "MRGR."
In November 2011, BATS sought comments from the Securities and Exchange Commission on the possibility of listing three managed futures ETFs sponsored by ProShares, Forbes reported. ProShares is known primarily for its so-called "geared" ETFs such as the ProShares UltraShort FTSE China 25 (NYSE: FXP) and the ProShares Ultra QQQ (NYSE: QLD). To this point, the firm's success with traditional ETFs has been limited.
Still, the listing of a the new ProShares fund on its exchange could be seen as a coup for BATS following its bungled IPO attempt earlier this year. The exchange told Traders Magazine is eying additional listings of ProShares ETFs in 2013.
BATS Exchange is already home to 16 iShares ETFs. The world's largest ETF sponsor was the first to list funds on BATS with the iShares MSCI Norway Capped Investable Market Index Fund (BATS: ENOR) being the first.
Other iShares offering listed on BATS include the iShares MSCI Denmark Capped Investable Market Index Fund (BATS: EDEN), the Shares MSCI Canada Small Cap Index Fund (BATS: EWCS) and the iShares MSCI India Small Cap Index Fund (BATS: SMIN)
For more on ETFs, click here.
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.