The long and short of Skechers ETF exposure

Jul. 20, 2018 11:16 AM ETSkechers U.S.A., Inc. (SKX)ISCB, SKX, RFG, HDGE, EWMCBy: Clark Schultz, SA News Editor2 Comments
  • ETFs with the highest exposure to Skechers (SKX -22.7%) are the Invesco S&P MidCap 400 Pure Growth ETF (NYSEARCA:RFG), iShares Morningstar Small-Cap ETF (NYSEARCA:JKJ) and Invesco S&P MidCap 400 Equal Weight ETF (NYSEARCA:EWMC).
  • On the other side of the equation, the Ranger Equity Bear ETF (NYSEARCA:HDGE) cruised into the Skechers earnings report with a short position.
  • In a statement provided to Seeking Alpha, HDGE co-manager Brad Lamensdorf says his firm noticed warnings signs on Skechers, including some financial engineering via earlier revenue recognition and growing inventories.
  • Previously: Skechers in freefall after weak guidance (July 19)
  • Previously: Downgrades on Skechers following earnings shocker (July 20)

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