ProShares Files For Short Bond ETFs

ProShares, the largest issuer of inverse and leveraged ETFs, has plans to give investors more options for betting against fixed income securities. In a recent SEC filing, the Maryland-based company detailed three bond ETFs, including two offering -100% daily exposure to fixed income benchmarks and another offering -200% daily exposure. The proposed ETFs include: Short High Yield (SJB): This fund would seek to deliver daily returns equal to -100% of the daily change in the iBoxx $ Liquid High Yield Index, the benchmark underlying the ultra-popular HYG. That benchmark is a modified market-value weighted index designed to provide a balanced representation of U.S. dollar-denominated high yield corporate bonds. HYG recently had an effective duration of just over four years and a 30-day SEC yield in the neighborhood of 6.2%. Short Investment Grade Corporate (IGS): This fund would seek to deliver daily returns equal to -100% of the daily change in [...] Click here to read the original article on ETFdb.com. Related Posts: Recapping Impressive Innovation In Bond ETF Space PHB: Different Kind Of Junk Bond ETF 2010: Year Of The Bond ETF PIMCO Preps To Boost Bond ETF Lineup Future Of The ETF Industry: Part II