PROSHARES ULTRA-SHORT ETF (TLL) 17.94 $0.27 (1.53%) 10:18PM (15 mins delay)

NEW YORK, March 27 /PRNewswire/ -- The American Stock Exchange(R) (Amex(R)) today announced that it has launched trading in two new exchange traded funds: UltraShort Telecommunications ProShares (Amex: TLL) and Ultra Telecommunications ProShares (Amex: LTL) by ProShare Advisors LLC (ProShares). ProShares now offers investors a choice of 60 ETFs, all of which are listed on the Amex.

'We are happy to support all of the ProShares' ETF listings on the Amex,' said Scott Ebner, Senior Vice President of the Amex ETF Marketplace. 'TLL and LTL are innovative tools that allow investors to gain magnified or short exposure to the U.S. telecommunications market.'

TLL seeks daily investment results that correspond to twice (200%) the inverse (opposite) of the daily performance of the Dow Jones U.S. Select Telecommunications Index. LTL seeks daily investment results that correspond to twice (200%) the daily performance of the Dow Jones U.S. Select Telecommunications Index.

The Dow Jones U.S. Select Telecommunications Index is a measure of the U.S. stock market performance of fixed-line (regional and long-distance carriers) and mobile telephone services (cellular, satellite and paging services).

Goldman Sachs Execution and Clearing, LP is the specialist for TLL and LTL.

About the American Stock Exchange

The American Stock Exchange(R) (Amex(R)) offers trading across a full range of equities, options and exchange traded funds (ETFs), including structured products and HOLDRS(SM). In addition to its role as a national equities market, the Amex is the pioneer of the ETF, responsible for bringing the first domestic product to market in 1993. Leading the industry in ETF listings, the Amex lists 384 ETFs to date. The Amex is also one of the largest options exchanges in the U.S., trading options on broad-based and sector indexes as well as domestic and foreign stocks. For more information, please visit www.amex.com.

SOURCE American Stock Exchange