ProShares, a US-based provider specializing in inverse and leveraged ETFs, has announced it is closing 13 funds in its line-up.

ProShares to close 13 ETFs.

After the close of business on 6 September 2017, the funds will no longer accept creation orders. Trading in the funds will be halted prior to market open on 7 September 2017. Beginning on 7 September, the funds will not be traded on NYSE Arca, and there will be no secondary market for the shares.

On or about 5 September 2017, the funds will begin the process of liquidating their portfolios and may not be managed in accordance with their investment objectives. Any shareholders remaining in the funds will have their shares redeemed at net asset value on or about 14 September 2017.

The funds in question are:

ProShares Short S&P Regional Banking ETF (KRS)
ProShares Ultra S&P Regional Banking ETF (KRU)
ProShares Ultra Oil & Gas Exploration & Production ETF (UOP)
ProShares UltraShort Oil & Gas Exploration & Production ETF (SOP)
ProShares Ultra MSCI Mexico Capped IMI ETF (UMX)
ProShares UltraShort MSCI Mexico Capped IMI ETF (SMK)
ProShares Ultra Junior Miners ETF (GDJJ)
ProShares UltraShort TIPS ETF (TPS)
ProShares UltraShort 3-7 Year Treasury ETF (TBZ)
ProShares German Sovereign/Sub-Sovereign ETF (GGOV)
ProShares USD Covered Bond ETF (COBO)
ProShares Hedged FTSE Europe ETF (HGEU)
ProShares Hedged FTSE Japan ETF (HGJP)