the inverse (-1x) of the daily performance of the Russell 2000Â® Index, at 18.97 today is still cheap, not too far off from its 12-mo low of 18.82 on 8/5/13. If you still have considerable amount of LONGs, you may want to consider buying some for protection. I like DXD the most, since it had reached its 12-mo low of 31.89 on 8/2/13, it had been inched up, trading today at the 32.67-33.06 range. If for any reasons it drops closer to or below $32, you almost must grab some. It will not be so cheap for long. I have come the point that I can no longer afford to sell any because just keep it on hand for insurance.
The Russell 2000 index has been extremely durable this month. Seems like every day all the other indices are negative (including the Russell 1000 and Russell 3000), somehow/someway the Russell 2000 eeks out another tiny gain.
As an aside, what is the favored 1x inverse Dow index ETF you prefer?