|Bid||51.81 x 900|
|Ask||51.86 x 1800|
|Day's Range||51.17 - 51.96|
|52 Week Range||28.65 - 58.95|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||3.00|
|Expense Ratio (net)||0.92%|
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.
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.
Will the S&P 500 and ETFs tracking the index find support and rebound off the 50-day this week? Or will they slice through the line?
After months of a volatile ride, the U.S. stock market is back on track with the S&P 500 extending its consecutive five-week rally. This is primarily thanks to a strong second-quarter earnings season and bouts of upbeat data that fueled optimism in the U.S. economy and offset the concerns over global trade. Per Factset, the S&P 500 earnings beat is on pace to be the highest beat rate since it began tracking the metric in 2008.
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.