ProShares Large Cap Core Plus ETF (CSM) - NYSEARCA
  • Tue, Feb. 23, 3:55 PM
    • According to Goldman Sachs,, the average hedge fund had 68% of its long funds in their top 10 holdings heading into 2016 - that's the highest on record.
    • The FANG names - Facebook, Amazon, Netflix, and Alphabet - represented a full 3.5% of total hedge fund stock holdings at year-end (up from 1.5% a year earlier). While Facebook has managed to stay flat in 2016, the other three are down sizable amounts.
    • Still, the average hedge fund is down just 4% YTD - that's 200 basis points better than the S&P 500.
    | Tue, Feb. 23, 3:55 PM | 1 Comment
  • May 4, 2015, 12:51 PM
    • Twelve ProShares ETFs will be split on a forward basis while nine will be reverse split.
    • "All reverse splits will be effective at the market open on May 20, 2015, when the funds will begin trading at their post-split price. The ticker symbol for the funds will not change. All funds undergoing a reverse split will be issued a new CUSIP number, listed above,” as stated in the same press release.
    • The forward split ETFs: CSM, SAA, UMDD, SSO, UPRO, DDM, UDOW, RXL, QLD, UYG, ROM, BIB
    • The reverse split ETFs: SRS, SCC, RXD, RWM, BOIL, UCD, YCL, UVXY, UCO
    | May 4, 2015, 12:51 PM | 3 Comments
  • Jan. 22, 2015, 12:55 PM
    • The Hedged Dividend Income ETF (NYSEARCA:DIVA) provides investors with high dividend income, along with the secondary goal of capital appreciation.
    • "Our exemptive relief with the SEC allows us to hedge and de-risk via an index-based, long/short strategy," said Bill DeRoche, Chief Investment Officer and portfolio manager of DIVA.
    • Other long/short and 130/30 ETFs: ALFA, CSM, AGLS, CSLS, LALT, FTLS, RALS
    | Jan. 22, 2015, 12:55 PM
  • Sep. 9, 2014, 1:58 PM
    • The First Trust Long/Short Equity ETF (NYSEARCA:FTLS) is an actively managed fund that invests in other U.S.-listed equity securities for foreign and domestic firms, including U.S.-listed ETFs that cover domestic and international markets.
    • According to prospectus, "the overall portfolio, under normal market conditions, will be 90 to 100% invested in long positions and 0% to 50% invested in short positions."
    • FTLS will charge 99 basis points, just 4 more than the largest fund in the long/short space, the Proshares RAFI Long/Short (NYSEARCA:RALS).
    • Other long/short ETFs: ALFA, CSM, AGLS, CSLS, LALT
    | Sep. 9, 2014, 1:58 PM
  • May 14, 2014, 2:25 PM
    • The PowerShares Multi-Strategy Alternative Portfolio (LALT) is expected to launch on May 29th and is supported by a partnership between Invesco and Morgan Stanley.
    • As described by Dan Draper, Invesco PowerShares Managing Director of Global ETFs: “One of the primary goals for investors that use alternative strategies is to minimize exposure to equity and bond markets, and to achieve better risk-adjusted returns compared to portfolios consisting only of traditional asset classes. LALT is an actively managed long-short strategy that seeks to provide efficient exposure to a broad mix of alternative-asset classes.”
    • Other long-short ETFs: ALFA, CSM, RALS, AGLS, CSLS
    | May 14, 2014, 2:25 PM
  • May 1, 2014, 1:09 PM
    • The Etracs Fisher-Gartman Risk Off ETF (OFF) and the Etracs Fisher-Gartman Risk On ETF (ONN) will be called for redemption on May 9th after roughly 2.5 years of trading.
    • OFF provides inverse exposure to an index of long positions in risk-on instruments and short positions in risk-off instruments; ONN tracks an index with 150% in long positions in securities that gain in a strong market and 50% in short positions expected to fall in a strong market.
    • UBS gave no further details on the reason for redemption in the NYSE communique.
    • Other long/short ETFs: ALFA, CSM, RALS, AGLS, CSLS
    | May 1, 2014, 1:09 PM
  • Mar. 10, 2014, 10:07 AM
    • To those who remember the risk on/risk off days of 2011 when the entire universe of assets seemingly moved together based on the utterings of some politician here or across the pond, today is quite a different matter. The instances of days in which more than 90% of S&P 500 stocks move together have all but vanished late last year and this year.
    • The 65-day average correlation of stocks fell to 0.52% in January vs. an average of 0.63% between 2009 and 2013 (it rose as high as 0.84% late in 2011).
    • Investors have responded by moving money into so-called actively managed strategies, with those funds seeing inflows of $1.3B this year on top of $9.8B in 2013. It's a small amount, but contrasts with $360B pulled out of such funds between 2009-2012.
    | Mar. 10, 2014, 10:07 AM
  • Feb. 8, 2013, 3:23 PM

    ProShares lowered fees yesterday on its Credit Suisse 130/30 ETF (CSM) to 0.45% from an earlier 0.95%. ProShares is the first to cut fees for ETFs in this class, where investors are looking to outperform large-cap indexes. The fund's also getting a truer name (ProShares Large Cap Core Plus), but no change to holdings and strategy. Competitors: JFT, HDG, ALFA, GURU

    | Feb. 8, 2013, 3:23 PM
CSM Description
ProShares Large Cap Core Plus seeks investment results, before fees and expenses, that track the performance of the Credit Suisse 130/30 Large Cap Index.
See more details on sponsor's website
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