ProShares UltraShort Russell 1000 Growth (SFK)
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- Short Cut to Profits? A Closer Look at Inverse Funds [view article]
- Double Short ProShares ETFs [view article]
- ProShares UltraShort and UltraLong ETFs [view article]
- UltraShort ProShares ETFs: 24 Ways to Benefit From Going Short [view article]
- 25 ETFs That Actually Are Making Money [view article]
- ProShares ETFs: Why Volume Trading Makes a Difference [view article]
- U.S. Dollar vs. the Law of Gravity [view article]
- My 10 Predictions for 2008 [view article]
- Tax Advantages of Inverse ETFs Not So Clear [view article]
- ProShares Launches 12 More Leveraged and Inverse-Leveraged ETFs [view article]
loading ...Recent SFK Articles
- Short Cut to Profits? A Closer Look at Inverse Funds
- 25 ETFs That Actually Are Making Money
- Double Short ProShares ETFs
- ProShares UltraShort and UltraLong ETFs
- ProShares ETFs: Why Volume Trading Makes a Difference
- U.S. Dollar vs. the Law of Gravity
- My 10 Predictions for 2008
- Weekly ETF Performance Review: Only the 'Shorts' Were Higher
- Top Twenty VIX Proxy ETFs/CEFs
- UltraShort ProShares ETFs: 24 Ways to Benefit From Going Short
- Full List of Articles »
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Short Cut to Profits? A Closer Look at Inverse Funds [view article]
anyone know how far out banks do profit projections? calculations on what percentage of people will default? i assume its at least 50 yrs? don't they know what to expect? PS-SRS is doing GREAT ReplyDouble Short ProShares ETFs [view article]
I figured it out myself. DXD issued a 6% dividend. I take back my insinuations that the DXD ETF is less than credible. ReplyProShares UltraShort and UltraLong ETFs [view article]
UYG what am I not getting here? It says it tracks the DJUSFN index, with 2x the return. DJUSFN is up 6.07% today. So UYG should be up 12.14%. However as we speak UYG is up a measly 2.2%. 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
Distance
Runner
UltraShort ProShares ETFs: 24 Ways to Benefit From Going Short [view article]
OK, I admit, I'm no sophisticated investor, but I want to risk some capital in reverse ETFs. Can someone tell me how to just invest $5,000 (or so)? Is there a minimum? A maximum? Any suggestions, would be appreciated. Can I do these on line? Do I need a broker? Reply in strictest confidence to tomcares@verizon.net. I would also do "put options" as another attempt to make some money in this crazy market. Otherwise, I guess it's just gold coins and bars! I am NOT confident about the direction of our financial markets, obviously. ReplyDouble 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
Double Short ProShares ETFs [view article]
BespokeOn august 24th you said you expected the Dollar to fall. Well, today
is 9/4/08 on week later to be exact. Had you noticed where the dollar
is? Have you noticed where the Euro is? Want to change your forecast?
EDT
Chicag Reply
25 ETFs That Actually Are Making Money [view article]
And with ETFs these days you don't get much . . . You could have saved us a lot of time if in the opening sentence (the only sentence!) you had said, "Don't bother with ETFs!" Reply25 ETFs That Actually Are Making Money [view article]
I think baller miss understood Jim Wiandt's point re ETF fees. By comparison with mutual fund fees, all the leading ETFs are cheaper. His point is that the fees of leading ETFs were higher than under performing ETFs. Well, you get what you pay for (sometimes). Reply