When it comes to sector exchange-traded funds, it s hard to find funds that are more revered and better performing than technology fare.
What Happened: Regarding tech industry ETFs, cloud computing and cybersecurity funds have been stout performers and investor favorites. Now, aggressive traders can get add some leverage to the mix thanks to new duo of geared ETFs.
On Thursday, ProShares launched the
ProShares Ultra Nasdaq Cybersecurity ETF (NASDAQ:UCYB) and the
ProShares Ultra Nasdaq Cloud Computing (NASDAQ:SKYU).
UCYB is the first leveraged cybersecurity ETF. Direxion launched a bullish and bearish set of leveraged cloud ETFs earlier this month.