ProShares has rolled out a new ETF that offers inverse exposure to the high-yield bond market. The ProShares Short High Yield has begin trading on the NYSE Arca. The vehicle will aim to provide -1x the daily performance of the Markit iBoxx $ Liquid High Yield Index. ProShares will now have a total of five inverse bond ETFs, which are benchmarked to Treasurys.
Click here for the release from Business Wire.