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ProShares to launch 3x leveraged and inverse crude oil ETFs

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ProShares has filed a registration statement with the Securities and Exchange Commission (SEC) to launch two funds that will track the Bloomberg WTI Crude Oil Subindex.

The ProShares UltraPro Bloomberg Crude Oil will seek a return that is three times (3x) the daily performance of the index.
 
ProShares UltraPro Short Bloomberg Crude Oil will seek a return that is three times the inverse (-3x) of the daily performance of the index.

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