|Bid||161.36 x 1100|
|Ask||161.38 x 800|
|Day's Range||160.09 - 163.23|
|52 Week Range||108.88 - 166.50|
|PE Ratio (TTM)||N/A|
|YTD Daily Total Return||6.63%|
|Beta (5Y Monthly)||2.01|
|Expense Ratio (net)||0.90%|
The Wall Street has been hitting a series of record highs with the S&P 500 breaching the 3.300 level for the first time. Investors can tap the opportunity by going long on the index.
The S&P 500, the Nasdaq and the Russell 2000 are on their way to record the best year since 2013, boosting the related ETFs. Will the rally last in 2020?
The bullish trends in the S&P 500 index will likely continue heading into the New Year powered by the Fed's accommodative interest-rate policy and a resilient domestic economy.
For this conundrum, investors can actually play both sides with added leverage via ProShares ETFs. For the bulls, there's the ProShares Ultra S&P500 (SSO) , which seeks daily investment results, that correspond to two times (2x) the daily performance of the S&P 500. This leveraged ProShares ETF seeks a return that is 2x the return of its underlying benchmark (target) for a single day, as measured from one NAV calculation to the next.
Below is a look at ETFs that currently offer attractive buying opportunities. The ETFs included in this list are rated as buy candidates for two reasons. First, each of these funds is deemed to be in an uptrend based on the fact that its 50-day moving average is above 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 below its five-day moving average, thereby offering a near-term 'buy on the dip' opportunity, given the longer-term uptrend 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. To get access to all ETFdb.com premium content, sign up for a free 14-day trial to ETFdb.com Pro.
The S&P 500 has rallied 19% from the December low, and is now 5% away from its all-time high. Investors can tap this opportunity by going long on the index with the help of ETFs.