59.71 +1.03 (1.76%)
Pre-Market: 5:02AM EDT
|Bid||0.00 x 800|
|Ask||0.00 x 2200|
|Day's Range||57.85 - 59.17|
|52 Week Range||30.32 - 73.36|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||3.47|
|Expense Ratio (net)||0.95%|
Day trading using leveraged exchange traded funds (ETFs) is a high-risk undertaking but can return profit due to the volatile nature of the trade structure.
The Nasdaq Composite's short-term memory of its 4.36 percent loss in 2018 is warranted given its 19.22 percent gain thus far in 2019. The Nasdaq Composite is the best-performing index among its U.S. equities peers--the Dow Jones Industrial Average is up 10.72 percent YTD while the S&P 500 is up 14.52 percent YTD. The Nasdaq can certainly tip its hat to the tech sector, which comprises a majority of the index--tech has been a stellar performer thus far this year after getting roiled in the final quarter of 2018.
Optimism is prevailing around U.S.-Sino trade, oil price and U.S. government shutdown. This should boost the following leveraged ETFs.
Using inverse ETFs can offer a chance to make money even when the stock market is heading south. But how do they work and how safe are they?
The S&P 500 and Nasdaq Composite Index logged in the best week since 2011 on optimism over the U.S.-China trade truce and a dovish Fed view.
ETF investors are looking at the equity market correction as a good buying opportunity to get in on the cheap. Some of the hardest hit areas of the recent sell-off have also been among the most popular areas ETF investors are diving back into. For example, over the past week, the Communication Services Select Sector SPDR Fund (NYSEArca: XLC) , which includes many prominent media and internet names, attracted $972 million in net inflows, according to XTF data.
The sell-off in technology stocks is dragging the markets down, but some contrarian traders are betting on a swift turnaround with a leveraged ETF play. The ProShares UltraPro QQQ (TQQQ) , which mirrors the triple or 300% daily long performance of the tech-heavy Nasdaq-100, was among the most popular ETF plays over the past week, attracting $493.1 million in net inflows, according to XTF data. Furthermore, the Communication Services Select Sector SPDR Fund (NYSEArca: XLC) , which includes many software and internet names, also brought in $620.2 million in net inflows over the past week.
Leveraged exchange-traded products are alluring to investors looking to supercharge their returns to capitalize on short-term movements in the markets. While they are intended for advanced investors, it ...
ProShares, a premier provider of ETFs, today announced that Ben Fulton has been named to the role of Managing Director. As a member of senior management, Mr. Fulton will contribute to the firm’s strategy and growing its business. Mr. Fulton’s principal responsibilities will include overseeing the company’s tactical products business.