ProShares Ultra Russell 2000 (UWM)

All Comments on UWM

  • commenter
    Sep 30 11:31 AM
    ProShares 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%. Reply
  • commenter
    Sep 16 09:26 PM
    Making Cents of this Bear Market [view article]
    Thesis 2 is exactly what I think. The evidence indicates a reality that is now being recognized. This new legalized financial "black hand" has manipulated values relative to 33.333% ROI. Reply
  • commenter
    Sep 12 11:42 AM
    Making Cents of this Bear Market [view article]
    Same with me, John. Not really sure what's up with Whidbey over there?

    I found a really useful article that tracks the ETFs which have done well in this bear market. Here's the article if your interested in buying any of them.
    www.greenfaucet.com/et...
    Reply
  • commenter
    Sep 10 04:11 AM
    Making Cents of this Bear Market [view article]
    Been thinking along similar lines for weeks now. All your theses have real merit. Reply
  • commenter
    Sep 08 10:17 AM
    Making Cents of this Bear Market [view article]
    You should stop writing right now Reply
  • commenter
    Aug 12 07:20 AM
    The Case Against Leveraged ETFs [view article]
    Excelent article! By far the best that I've seen on the subject.

    I'm in the same position as Benjamin Washington above and have been invested in these type products in my IRAs for about five years on the same theory that he stated. Can anyone come up with a counter argument?

    Note that IRAs (1) have tax deferred status, so capital gains distributions don't matter (2) prohibit margin borrowing and most options strategies.

    As someone who has a very long time horizon for my money, it seems to me that a beta of 1.0 that I would get from an index fund is simply too conservative, but IRA rules prohibit me from increasing my systemic risk to what I consider to be an appropriate level.
    Reply
  • commenter
    Jul 18 04:21 PM
    ProShares UltraShort and UltraLong ETFs [view article]
    I wish you would look into QID and why it is never and I mean NEVER 2X the inverse.. I checked out Rydex shares and all their inverse etf's perform grea on a daily basis.. THIS piece of $@^$ is so bad.. Check out what the underlying was when this was trading 57.. THe ndx is lower now and this should be trading close 49 to 52,, Do we have any recourse against Proshares?

    Reply
  • commenter
    Jul 15 07:22 PM
    My Website
    ProShares ETFs: Why Volume Trading Makes a Difference [view article]
    John, That is a great question. I do not have the answer, but I suspect they are using some kind of derivative to produce this. I have found that the Ultra's are fantastic to trade. Good luck. Reply
  • commenter
    Jul 15 07:20 PM
    My Website
    ProShares UltraShort and UltraLong ETFs [view article]
    QID and QLD have been very reliable at 2x.


    Reply
  • commenter
    Jul 15 05:06 PM
    ProShares UltraShort and UltraLong ETFs [view article]
    Thanks for the article.

    I think the Proshares ETF are not reliable.

    Let's take the example of FXP. They are not double short but only 1.7 short.

    The prices are very inconsistent.

    For example:

    I bought FXP on March 6th at 99. That day, FXI closed 135.66.

    On March 24th, FXP was at 106.92 and FXI 128.35 (same as today).

    Today FXP closed at 87.98 and FXI closed at 128.66

    Reply
  • commenter
    Jul 13 10:59 PM
    My Website
    ProShares UltraShort and UltraLong ETFs [view article]
    Great list. Thanks for the data. Reply
  • commenter
    Jun 30 06:41 PM
    ProShares ETFs: Why Volume Trading Makes a Difference [view article]
    John the bear wrote on June 28:

    I am amazed that there is a way to get a 2:1 ratio against an index, and I admit to investing without knowing all the facts.

    I would appreciate it if you could explain how the process works so that I will have greater confidence in the future as my profit keeps expanding my holdings.

    Please try to find an answer for me.

    Have you asked ProShares to explain it to you?
    Reply
  • commenter
    Jun 28 06:22 PM
    My Website
    ProShares ETFs: Why Volume Trading Makes a Difference [view article]
    really good info, very interesting, thanks! Reply
  • commenter
    Jun 28 09:02 AM
    ProShares ETFs: Why Volume Trading Makes a Difference [view article]
    I invest in ultra short FXP (China) and SRS (Dow Jones RE index) and have done very well with both. Trades have executed quickly and I chart each in Yahoo and include the FXI and IYR to compare trends as to which is moving up faster.

    I am amazed that there is a way to get a 2:1 ratio against an index, and I admit to investing without knowing all the facts.

    I would appreciate it if you could explain how the process works so that I will have greater confidence in the future as my profit keeps expanding my holdings.

    I appreciate ProShares and the opportunity they have provided to the small investor.
    Reply
  • commenter
    May 14 05:01 AM
    Leveraged Market Cap ETFs [view article]
    I have one thing to add/suggestion for a change in the article:

    From the list of daily holdings, it appears these funds are actually using a total return swap to achieve their leveraged positions by swapping the equity index return for some other rate of return. For example, the Ultra S&P 500 lists as of 5/14 $1,010,420,882.49 notional value in S&P 500 swap contracts.
    Reply