|Bid||4.97 x 1000|
|Ask||5.04 x 1000|
|Day's Range||4.56 - 5.06|
|52 Week Range||3.93 - 8.60|
|PE Ratio (TTM)||N/A|
|YTD Daily Total Return||8.91%|
|Beta (5Y Monthly)||-3.31|
|Expense Ratio (net)||0.95%|
Given the massive outflow and the bearish outlook, the appeal for financial ETFs, especially banks, has dulled. As a result, investors who are bearish on the sector right now may want to consider a near-term short.
At the beginning of 2018, optimism for the financials sector was reasonably high. A tax reform plan touted by President Trump had been passed in late 2017, with the effects due to impact the economy beginning in 2018.
Bouts of volatility and uncertainty have raised the appeal of leveraged and inverse leveraged ETFs in March for huge gains in a short span.