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ProShares launches first 2x and -2x Gold Miners ETFs

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ProShares has launched the only exchange traded funds (ETFs) in the United States offering 2x and -2x exposure to gold and silver mining stocks.

The new ProShares ETFs, all of which are listed on NYSE Arca, are:

• Ultra Gold Miners (GDXX), which seeks to provide 2x the daily performance of the NYSE Arca Gold Miners IndexSM

• UltraShort Gold Miners (GDXS), which seeks to provide -2x the daily performance of the NYSE Arca Gold Miners Index

• Ultra Junior Miners (GDJJ), which seeks to provide 2x the daily performance of the Market VectorsTM Global Junior Gold Miners Index

• UltraShort Junior Miners (GDJS), which seeks to provide -2x the daily performance of the Market Vectors Global Junior Gold Miners Index

All objectives are before fees and expenses.

“The mining sector is popular with tactical investors,” says Michael L Sapir, co-founder and CEO of ProShare Advisors LLC, the largest provider of geared ETFs. “We are pleased to offer the only ETFs providing 2x and -2x exposure to the leading gold mining indexes.”

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