Issues Technical Trading Overview for ProShares Ultra Oil & Gas

DALLAS, Sept. 9, 2009 (GLOBE NEWSWIRE) -- announces an investment report featuring exchange-traded fund ProShares Ultra Oil & Gas (NYSE:DIG). The report includes financial and investment analysis, analyst consensus, and pertinent industry information you need to know to make an educated investment decision.

The investment report on ProShares Ultra Oil & Gas (NYSE:DIG) should be of particular interest to other exchange-traded funds: First Trust ISE-Revere Natural Gas Index Fund (NYSE:FCG), SPDR S&P Oil & Gas Exploration & Prod (NYSE:XOP) and Oil Services Holders Trust (AMEX:OIH).

It is available at:

ProShares is part of ProFunds Group, the largest manager of short and leveraged funds. The group includes 89 ProShares exchange-traded funds (ETFs) and 115 ProFunds mutual funds. ProShares, which introduced the first short and leveraged ETFs in 2006, continues to be a leader in launching innovative new products -- for two years in a row, ProShares has led the industry in attracting assets to newly launched ETFs and now is the fourth largest manager of ETFs in the nation.

In the report, the analyst notes:

"Over the past year, the ProShares Ultra Oil & Gas Fund (DIG) lost 78% of its value. In July, 2009 the Financial Regulatory Authority (FINRA) issued a warning about leveraged and inverse ETFs, reminding brokers and registered investment advisers about their fiduciary responsibilities regarding selling ETFs that offer leverage. In August, both FINRA and the Securities and Exchange Commission (SEC) issued a joint statement aimed at retail investors, which said that these products are complex and can be confusing. ProFunds has stepped forward to defend the products with a study.

"ETF products burst onto the scene in 1993 and continued to gain momentum as they have a number of benefits, including tax efficiency, cost structure and trading flexibility. ETFs are expected to continue to pull assets away from mutual funds, since they're cheaper on average and easier to buy. A recent survey by State Street Corp. found that ETF industry assets totaled $640 billion in July after gaining $47.4 billion in that month. There were 750 ETFs, up from 538 two years earlier."

To read the entire report visit:

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          Jeff Bishop

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