UltraShort MSCI EAFE ProShares (EFU)
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EFU Forum Topics
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- General Discussion on EFU
- Short Cut to Profits? A Closer Look at Inverse Funds [view article]
- Tuesday Outlook: Commodities, Emerging Markets, More [view article]
- Double Short ProShares ETFs [view article]
- ProShares UltraShort and UltraLong ETFs [view article]
- Wednesday Outlook: Commodities, Emerging Markets [view article]
- Thursday Outlook: Commodities, Emerging Markets [view article]
- Friday Outlook: Commodities, Emerging Markets [view article]
- 25 ETFs That Actually Are Making Money [view article]
- 2008: A Great Year for Short-Sellers [view article]
- ProShares ETFs: Why Volume Trading Makes a Difference [view article]
- Thursday Outlook: Commodities, Emerging Markets [view article]
loading ...Recent EFU Articles
- Tuesday Outlook: Commodities, Emerging Markets, More
- Short Cut to Profits? A Closer Look at Inverse Funds
- Thursday Outlook: Commodities, Emerging Markets
- Wednesday Outlook: Commodities, Emerging Markets
- Friday Outlook: Commodities, Emerging Markets
- 25 ETFs That Actually Are Making Money
- 2008: A Great Year for Short-Sellers
- Double Short ProShares ETFs
- ProShares UltraShort and UltraLong ETFs
- Thursday Outlook: Commodities, Emerging Markets
- Full List of Articles »
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Delusion
Tuesday Outlook: Commodities, Emerging Markets, More [view article]
I don't think that is the case, since probably the entire congress needs to be examined over their lack of oversight before the "crisis". It always amazes me how these people can get to congress but now we can evaluate whether these men and women can really lead. Hopefully, this lesson will not be lost within 2 weeks by the media.I'm against the bailout as well, and I hold stocks also. I think a correction is more beneficial to the global economy than the bailout. Corrections are needed to right inflated prices. Besides, the consolidation of banks probably mean that the good banks probably did enough homework to avoid going out of business anyway, so why do we need a 700 billion blank check now? Fishy right? Reply
Hoover
Tuesday Outlook: Commodities, Emerging Markets, More [view article]
Nancy hurt my feelings so I'm going to let 2$ trillion go up in smoke???????? Maybe we need more mature congressmen? ReplyTuesday Outlook: Commodities, Emerging Markets, More [view article]
Sorry MKW, I'm with Dave. We are getting noting but crises sound bites; remember Y2k, and Iraq/WMD. I thought the financial world would come to an end Monday or no later than Tuesday if the bail out wasn't passed. Looks kind of like it did last week and its Tuesday. Oh, now we have until Thursday or Friday. If the financial system is frozen, it may well be because they want to see how much free taxpayer money that can get before they make any decision on how to fix the problem themselves. AND, MKW, many years of experience in the corporate world has shown me that when somebody tries to intimidate me into doing something that I would rather not, its because their motives are suspicious/disingenuou... and they don't want you to know the details/facts! Thank you Nancy, you are such a wonderful leader. ReplyTuesday Outlook: Commodities, Emerging Markets, More [view article]
I'm sorry, Pelosi's speech was inappropriate, but any Republican congresspeople who decided to change their vote (and in the process risk setting dynamite at the foundation of the economy) due to it need to be demoted to something more appropriate to their judgment and maturity level. Junior High School comes to mind. ReplyDouble Short ProShares ETFs [view article]
Does anyone know why the ProShares DXD UltraShort ETF dropped 6.14% overnight from Sep 23rd to Sep 24th? The Dow Jones Industrial Average only moved up 0.20%, so the the DXD should have only dropped about 0.40% (twice the inverse). I could understand if the DXD occasionally lost a half of a percent with respect to its base index, but 6% in one night ????? Did ProShares take 6 years worth of fees that night? It certainly reduces the feasibility of achieving any gains from this ETF. ReplyDivergence
Short Cut to Profits? A Closer Look at Inverse Funds [view article]
Thanks. Great answer, and I agree with you. ReplyShort Cut to Profits? A Closer Look at Inverse Funds [view article]
Dr. Divergence:This is uncharted territory. Closest example may be the INP exhange traded note from Barclays that stopped issuing creation units when India temporarily stopped certain foreign investments. That went way out of wack.
In this case the instruments used to fund the inverse fund are most likely of definite term, except for their actual stock shorts. The derivatives will expire and the fund will become less short. Until the next report, we won't know how many if any actual stock shorts they have.
Absent actual stock shorts the fund assets will be in run-off and would eventually be all cash or government debt instruments. In a rational world, the price would approach the NAV in that case.
The expectations for future actions by Congress would probably be key, but I have no idea what those actions would be or how the market would respond.
Today when the bailout vote failed the SPY was off nearly 7%.
SKF is up 18+% as of the moment with nearly 16 million volume. XLF is down 11+% with 52 million volume, so the 2x leverage is approximately working for the moment. Reply
Divergence
Short Cut to Profits? A Closer Look at Inverse Funds [view article]
Point taken, Richard. Good article. Do you have any views about the tracking error issue in SKF et al now that they are unable to issue new creation units due to the short ban? ReplyShort Cut to Profits? A Closer Look at Inverse Funds [view article]
Dr DivergenceI said it "exposes" short investor to interest. That is meant to convey that interest "could" be a factor if the trade goes against the investor to create a margin call.
The point is correct about the "potential" for interest cost, which is not a potential cost with a non-margined long position in an inverse fund. Reply
Divergence
Short Cut to Profits? A Closer Look at Inverse Funds [view article]
Your point #6 is factually incorrect. No interest is paid on a short sale. The sale takes place in a margin account and the short SALE generates a free credit in the account. Generally the broker will credit the short selling customer with somewhere from 50% to 70% of the interest earned on the free credit, subject to negotiation based on account size, trading frequency etc. Replyate
Double Short ProShares ETFs [view article]
The double inverse track the double inverse of the DAILY price movements of the inverse. In the case of SRS it tracks the double inverse movement of IYR (The Dow Jones US Real Estate Index). The important thing to remember is that the fund is born and dies every day and does not correspond to price points with IYR. I.e. if one day IYR was at 100 and SRS at 200 then another day when IYR approaches 100 SRS could be at $150. The fact that a % down has more of a negative effect than a % up, SRS will tend to trade downward over time. Accepting this fact then you find that the leverage on this ETF actually works AGAINST you over time and should therefore be avoided unless you think there will be a sustained downward trend in IYR.On Sep 19 02:38 PM mamie wrote:
> if you find out anything please let mo no
>
>
> On Aug 24 10:14 PM johnthebear wrote:
>
> > CAN ANYONE EXPLAIN HOW THE DOUBLE SHORT ETF BY PROSHARES WORKS?
> IS
> > IT SAFE? I OWN FXP AND SRS, BUT IT KIND OF SCARES ME.
> > Reply
Double Short ProShares ETFs [view article]
if you find out anything please let mo noOn Aug 24 10:14 PM johnthebear wrote:
> CAN ANYONE EXPLAIN HOW THE DOUBLE SHORT ETF BY PROSHARES WORKS? IS
> IT SAFE? I OWN FXP AND SRS, BUT IT KIND OF SCARES ME.
>
> PLEASE HELP ME OUT HERE. Reply
Wednesday Outlook: Commodities, Emerging Markets [view article]
Next day, (Thursday) FXP is down $35 to $108So how will proposed rules on short selling affect FXI and IYR?
Should I stop using Proshares anyone?
Reply
Thursday Outlook: Commodities, Emerging Markets [view article]
Capitulation came today but not in the markets. In DC the politicians are ready to go into recess early. "We don't know what to do" Reid said..Maybe they should show some leadership skills, stay in secession and come up with some ideas. Reply
Thursday Outlook: Commodities, Emerging Markets [view article]
David, thank you for your time and effort in posting your charts along with your insightful comments-- great visual guides during this period of chaos in the markets. Looking forward to learning more from you in your webcast with Proshares next week. Keep up the good work. Reply