ProShares Ultra Industrials (UXI)

All Comments on UXI

  • commenter
    Winston
    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
    cc
    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
    Ames
    Tiedeman
    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
    Ames
    Tiedeman
    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
    User 149845
    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
    Ames
    Tiedeman
    Jul 13 10:59 PM
    My Website
    ProShares UltraShort and UltraLong ETFs [view article]
    Great list. Thanks for the data. Reply
  • commenter
    johnthebear
    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
    adan
    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
    johnthebear
    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
    Jason T
    Jun 24 02:02 PM
    My Website
    ProShares ETFs: Strongest Technical Buy and Sell Signals [view article]
    Is this supposed to be contrarian? Where was this guy at the end of April when the smart money was buying the ultrashort ETFs .. 10% - 40% gains ago...

    If this is the "dumb money", I may have to sell my ultra shorts soon..     Reply
  • commenter
    james22
    Apr 29 12:02 PM
    ProShares Ultra and UltraShort Sector ETFs: Does 2 = 2? [view article]
    As has been already said in earlier comments - it's the constant 200% leverage at work, dumdum. Twice the daily return (which are these funds mandates) will exceed twice the overall return over an extended period when markets are trending, and underperform in markets that see many trend reversals, even in a perfect world of zero management fees and zero tracking error. In essence holders of 2X ETF's are short daliy realized volatility of the index.

    If you plot the long-minus-short portfolio 'shortfalls' against the realized volatilities of each index over the corresponding periods, you should see that sectors with the highest volatilities would have the largest shortfalls.     Reply
  • commenter
    johnthebear
    Apr 11 05:30 PM
    ProShares Ultra and UltraShort Sector ETFs: Does 2 = 2? [view article]
    IYR was down today -0.36% while SRS was up +2.76%. How do you explain that relationship if they try to balance on a daily basis?

    I am not complaining that SRS was up more than 2 x .36, that is not the point. The real problem here is that the -.36 does not look correct for the index when compared to the average of the top 9 funds that make up the index were down -12.24% or an average of -1.36%. I don't have the average percentage gains of all of the funds that make up IYR and I realize an average of percentage numbers is not accurate, but it makes me wonder what happened.

    But if you take 1.36 x 2 = 2.72% which is very close to actual amount that SRS increased at 2.76%! So did they lose the 1.0 factor or was the index flawed?

    Does anyone know exactly how the manage to keep the two indexes as close as they do? Thanks, John

    Reply
  • commenter
    johnthebear
    Apr 10 03:35 PM
    How Now, Charles Dow? [view article]
    ponchovillam,

    That was a very good comparison, and so true. I think we are in deep voodoo!

    Now it not just a recession" we are in...now they are talking "prolonged recession". What a difference a day makes with the crazy markets these days. UP one day and Down the next, for no real reason. I guess there are a lot of folks with money burning a hole in their pockets and they just don't know what to do? It is my opinion that you should either be short or put your money in a bank with 100,000 government insurance for each deposit. Now is not the time to worry about getting high yields. On the other hand, there is one stock I would recommend. Check out TNH, the only long position I like.     Reply
  • commenter
    ponchovilla
    Apr 09 09:22 AM
    How Now, Charles Dow? [view article]
    The Dow Theory probably works well with normal tides. If you place a stick in the sand during nor'easter you may not find the stick. Then there are rip tides and tsunami's. The question becomes what kind of tide are we in? Reply
  • commenter
    johnthebear
    Apr 08 09:32 PM
    How Now, Charles Dow? [view article]
    The DJT has a break out above it's 200 day moving average, but I find that inconclusive for the dow theory when matching up with DJI.

    Everyone knows the cost of fuel has increased, making trucking very expensive compared with rail, and the index follows the rails. So, how reliable can a theory be that relies on such a distorted indicator? The rails are truly important for measuring industrial activity, but to compare it with current trends does not seem reliable. Please give me your thoughts.     Reply

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