|Bid||32.52 x 900|
|Ask||32.53 x 28000|
|Day's Range||32.19 - 32.72|
|52 Week Range||28.99 - 36.74|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||-1.12|
|Expense Ratio (net)||0.95%|
As the equity market continues to pullback and more or less erase gains for the year, concerned investors can take on some exposure to bearish or inverse ETFs to hedge against further falls. For example, the ProShares Short S&P500 (SH) takes a simple inverse or -100% daily performance of the S&P 500 index. Alternatively, for the more aggressive trader, leveraged options include the ProShares UltraShort S&P500 ETF (SDS) , which tries to reflect the -2x or -200% daily performance of the S&P 500, the Direxion Daily S&P 500 Bear 3x Shares (SPXS) , which takes the -3x or -300% daily performance of the S&P 500, and ProShares UltraPro Short S&P 500 ETF (SPXU) , which also takes the -300% daily performance of the S&P 500.
The S&P 500 and the Dow Jones are in the red for the year while the Nasdaq is barely positive. Cash in on this situation with inverse ETFs.
Historically, the Dow Jones Industrial Average returned an average 0.6% over October, which has made it the seventh-best month of the year. The S&P 500 typically added 0.9% over October, which is also good enough for seventh place, with the same ratio of positive October months to negative ones as the Dow. Meanwhile, the Nasdaq Composite Index's October was historically the eighth-best month of the year, going back 46 years.
Equity investors who are wary of any further swings can look to alternative ETF strategies to limit the potential risks. According to data from "Stock Trader's Almanac," the month of September has been the worst performing month of the year for the Dow Jones Industrial Average and the S&P 500 since 1950, the worst for the Nasdaq since 1971, and the most difficult for the Russell 1000 and Russell 2000 since 1979, CNBC reports.
Morgan Stanley's chief U.S. equity strategist Michael Wilson warned the equity market is heading toward a destructive phase, CNBC reports. "The Nasdaq could correct by 15 percent plus, the S&P 500 probably goes down about 10 [percent]," Wilson told CNBC.
The U.S. nine-year bull market was threatened by list of woes in recent months. After inflation fears, faster-than-expected rate hike concerns, and the tech rout, the rounds of sanctions in a tit-for-tat situation between the two largest economies, United States and China, are intensifying fears of a full-blown trade war.Source: Shutterstock
Technology stocks have been among the best performers in bull market rally, but have recently experienced wild swings that have shaken many investors. If volatile in this market segment continues, traders ...
The stock market is now the most overvalued it has been in history, save the period leading up to the 1929 market crash. Of course, that’s what happens when central banks around the world flood the markets with $14 trillion in liquidity, crushing bond yields and forcing everyone into riskier assets to chase yield. It’s called a market crash.