Here is a look at ETFs that currently offer attractive short selling opportunities.
The ETFs included in this list are rated as sell candidates for two reasons. First, each of these funds is deemed to be in a downtrend based on the fact that its 50-day moving average is below its 200-day moving average, which are popular indicators for gauging long-term and medium-term trends, respectively.
Second, each of these ETFs is also trading above its 20-day moving average, thereby offering a near-term ‘sell on the pop’ opportunity given the longer-term downtrend at hand. Note that this prospects list also features a liquidity screen by excluding ETFs with average trading volumes below the one million shares mark. As always, investors of all experience levels are advised to use stop-loss orders and practice disciplined profit-taking techniques.
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24 ETFs made it to the list of sell on the pop prospects this month. All the three major U.S. indices, Dow, S&P 500 and NASDAQ increased during the month amid rising trade war optimism. The U.S. President has delayed the tariffs on China. Several biotechnology ETFs such as iShares Nasdaq Biotechnology ETF (IBB B+), SPDR S&P Biotech ETF (XBI B-) and Direxion Daily S&P Biotech Bull 3x Shares (LABU ) featured on the list of sell on the pop prospects as the biotechnology sector gained by more than 0.8% this month. Many energy ETFs like Energy Select Sector SPDR Fund (XLE A) and Direxion Daily Energy Bull 3X Shares (ERX C+) ranked amongst the sell on the pop contenders as the energy sector increased by more than 3% this month. Several exploration and equipment ETFs like SPDR S&P Oil & Gas Exploration & Production ETF (XOP B+) and SPDR S&P Oil & Gas Equipment & Services ETF (XES B+) were also present on the list. Oil and gas ETFs such as VanEck Vectors Oil Services ETF (OIH B+), United States Natural Gas Fund (UNG B-) and VelocityShares 3x Long Natural Gas ETN (UGAZ C+) also ranked amongst the sell on the pop constituents this month as both oil and gas consumables gained over 3% this month. Many MLP ETFs like Alerian MLP ETF (AMLP A) and JPMorgan Alerian MLP Index ETN (AMJ A-) were also present on the sell on the pop list this month. Discover more about MLP ETFs by clicking here Several Asian country ETFs like iShares MSCI Hong Kong ETF (EWH A), iShares MSCI India ETF (INDA B+), Direxion Daily FTSE China Bull 3X Shares (YINN B) and iShares MSCI South Korea ETF (EWY C+) were sell on the pop contenders on increased optimism around U.S.-China trade war. SPDR S&P Metals & Mining ETF (XME A) which tracks the performance of an index of U.S. metals and mining companies also made it to the list of sell on the pop prospects as the metals and mining segment gained by more than 4% this month.
ETFs to Sell on the Pop
|(ILF A)||iShares Latin America 40 ETF||$32.32||9.67%||Long|
|(EWH A)||iShares MSCI Hong Kong ETF||$24.07||3.88%||Long|
|(FXI A-)||iShares China Large-Cap ETF||$41.48||1.79%||Long|
|(USFR )||WisdomTree Bloomberg Floating Rate Treasury Fund||$25.08||-0.06%||Long|
|(UNG B-)||United States Natural Gas Fund||$22.30||-3.92%||Long|
|(EWU A-)||iShares MSCI United Kingdom ETF||$31.34||-5.52%||Long|
|(INDA B+)||iShares MSCI India ETF||$32.36||-5.68%||Long|
|(EPI B+)||WisdomTree India Earnings Fund||$23.55||-9.46%||Long|
|(YINN B)||Direxion Daily FTSE China Bull 3X Shares||$18.78||-9.84%||Triple-Long|
|(IBB B+)||iShares Nasdaq Biotechnology ETF||$104.15||-11.36%||Long|
|(EWY C+)||iShares MSCI South Korea ETF||$57.44||-12.45%||Long|
|(XBI B-)||SPDR S&P Biotech ETF||$82.63||-14.13%||Long|
|(EWW A)||iShares MSCI Mexico ETF||$42.80||-15.06%||Long|
|(AMLP A)||Alerian MLP ETF||$9.18||-16.32%||Long|
|(AMJ A-)||JPMorgan Alerian MLP Index ETN||$23.27||-17.72%||Long|
|(XLE A)||Energy Select Sector SPDR Fund||$60.60||-17.93%||Long|
|(XME A)||SPDR S&P Metals & Mining ETF||$27.65||-18.44%||Long|
|(XOP B+)||SPDR S&P Oil & Gas Exploration & Production ETF||$23.25||-43.75%||Long|
|(OIH B+)||VanEck Vectors Oil Services ETF||$12.95||-46.51%||Long|
|(XES B+)||SPDR S&P Oil & Gas Equipment & Services ETF||8.13||-49.47%||Long|
|(ERX C+)||Direxion Daily Energy Bull 3X Shares||16.51||-51.57%||Triple-Long|
|(LABU )||Direxion Daily S&P Biotech Bull 3x Shares||39.69||-57.84%||Triple-Long|
|(UGAZ C+)||VelocityShares 3x Long Natural Gas ETN||20.78||-64.62%||Triple-Long|
|(GUSH )||Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 3X Shares||3.88||-88.79%||Triple-Long|
Please note that this list is updated on a monthly basis.
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Disclosure: No positions at time of writing.