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  • ProShares ETFs: As Volume Soars, Which Are the New Leaders? [View article]
    "Look who's on top of the list: Ultra Financials (UYG). Wow, people have been trading the heck out of this ETF! Its UltraShort equivalent (SKF) has only half the volume though it seems to get twice the publicity. With volume in the bullish ETF double the volume in the bearish ETF, should we assume the bottom for financial stocks has been reached?"

    This statement is very misleading.

    First of all, the shares volume is meaningless, what really matters is the dollars volume. UYG is worth $2.4, so its dollars volume is ~270M (30M*2.4). SKF is worth $160, so its dollars volume is ~$4.9G (112M*160) – 18 times more.

    Second, volume itself doesn’t mean anything about bottom or bullishness. How much of this buying is actually a short selling? How can you jump to such conclusions?
    Feb 25 04:48 PM | 4 Likes Like |Link to Comment
  • ETF Investors Mistakenly Stock Up on USO: Buy USL Instead [View article]
    29.63-29.70 at 11:20.
    How is it 10%??

    On Feb 09 10:25 AM Marketer25 wrote:

    > no liquidity on USL as mentioned by ROLEX
    > it's got a 10% bid-offer spread so you'll be smacked by that when
    > you try to get out...if you can get out.
    Feb 10 11:47 AM | Likes Like |Link to Comment