American Stock Exchange Lists Two New ETFs From ProShares
March 27 2008 - 5:29PM
PR Newswire (US)
NEW YORK, March 27 /PRNewswire/ -- The American Stock Exchange(R)
(Amex(R)) today announced that it has launched trading in two new
exchange traded funds: UltraShort Telecommunications ProShares
(AMEX:TLL) and Ultra Telecommunications ProShares (AMEX:LTL) by
ProShare Advisors LLC (ProShares). ProShares now offers investors a
choice of 60 ETFs, all of which are listed on the Amex. "We are
happy to support all of the ProShares' ETF listings on the Amex,"
said Scott Ebner, Senior Vice President of the Amex ETF
Marketplace. "TLL and LTL are innovative tools that allow investors
to gain magnified or short exposure to the U.S. telecommunications
market." TLL seeks daily investment results that correspond to
twice (200%) the inverse (opposite) of the daily performance of the
Dow Jones U.S. Select Telecommunications Index. LTL seeks daily
investment results that correspond to twice (200%) the daily
performance of the Dow Jones U.S. Select Telecommunications Index.
The Dow Jones U.S. Select Telecommunications Index is a measure of
the U.S. stock market performance of fixed-line (regional and
long-distance carriers) and mobile telephone services (cellular,
satellite and paging services). Goldman Sachs Execution and
Clearing, LP is the specialist for TLL and LTL. About the American
Stock Exchange The American Stock Exchange(R) (Amex(R)) offers
trading across a full range of equities, options and exchange
traded funds (ETFs), including structured products and HOLDRS(SM).
In addition to its role as a national equities market, the Amex is
the pioneer of the ETF, responsible for bringing the first domestic
product to market in 1993. Leading the industry in ETF listings,
the Amex lists 384 ETFs to date. The Amex is also one of the
largest options exchanges in the U.S., trading options on
broad-based and sector indexes as well as domestic and foreign
stocks. For more information, please visit http://www.amex.com/.
DATASOURCE: American Stock Exchange CONTACT: Bari Trontz, American
Stock Exchange, +1-212-306-8964, Web site: http://www.amex.com/
Copyright
ProShares Ultra Communic... (AMEX:LTL)
Historical Stock Chart
From Aug 2024 to Sep 2024
ProShares Ultra Communic... (AMEX:LTL)
Historical Stock Chart
From Sep 2023 to Sep 2024