We are prosecuting investor claims against ProShares Ultra Funds and UltraShort ProShares Funds, which have subjected investors to substantially more risk than was disclosed and resulted in enormous losses by investors.
ProShares touted its UltraShort ETFs including those listed above, as simple-to-execute investments which go up when markets go down. Although ProShares touts its securities and cloaks them with certainty due to allegedly reliable mathematical formulas, their math does not add up.
Holding the funds for more than one day or trading session will most certainly lead to enormous losses. ProShares has now conceded that mathematical compounding actually prevents these funds from achieving their stated investment objectives over a period of time greater than one day.
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