UltraShort QQQ ProShares (AMEX Stock Symbol QID) seek daily investment results that correspond to twice (200%)the inverse (opposite) of the daily performance of the NASDAQ-100 Index. The Fund employs leveraged investment techniques to achieve its investment objective, which may expose the Fund to potentially dramatic changes (losses) in the value of its portfolio holdings and imperfect correlation to the index underlying the Fund's benchmark.

First Trust Advisors L.P. on Wednesday launched an exchange-traded fund (ETF) based on an index tracking clean-energy companies.


The First Trust NASDAQ Clean Edge U.S. Liquid Series Index Fund ETF (NASDAQ QCLN) consists of 46 stocks of companies involved in various areas or clean energy, such as solar and bio-fuels.

The NASDAQ Clean Edge U.S. Liquid Series Fund is designed to correspond to the price and yield performance of the index upon which it is based. ETFs are financial products that trade like shares of stock and can be bought and sold throughout the trading day.

"As the world's economy shifts away from fossil fuel dependency towards efficient, renewable energy sources, investment opportunities are being created daily in this new industry," explains NASDAQ Executive Vice President John Jacobs. "This index, and the ETF based on it, will provide the tools needed to capture the investment opportunities created by this economic shift."