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The United States Natural Gas Fund (UNG) will temporarily suspend issuing new shares pending regulatory approval to expand the number of shares it can issue to 1.2 billion, the company said in a filing with the U.S. Securities and Exchange Commission on Tuesday. Read more…
Buy and hold has been a thing of the past lately. Investors have seen their 10 year returns vanish in thin air. Market volitilty and trading will be the way of the future. Investors now find themselves using ETF’s to trade with ease in the new market. Read more…
Reuters reports that, “The SPDR S&P Retail exchange-traded fund appeared to have attracted a large 25,000 lot put butterfly combination, indicating near-term weakness for retailing share prices, said Andrew Wilkinson, market analyst at Interactive Brokers Group. The ETF fell 1.73 percent to $26.19 in afternoon trade after earlier standing at $26.34. Read more…
California’s credit rating has been downgraded. On Monday, Fitch Ratings cut the state’s long-term general obligation bond rating by two notches to BBB from A1. The drop was attributed to the state’s failure to come up with a timely budget and to the state’s severe fiscal crisis. Governor Schwarzenegger says the downgrade underscores the urgency to solve the entire deficit and all sides must come to the table to balance the budget immediately. Schwarzenegger declared a fiscal emergency and ordered Read more…
“Direxion has issued its semi-annual report for its triple leverage ETF holders and there are some interesting revelations here. While there are many others covered, we wanted to demonstrate some of the differences among the Direxion Daily Financial Bull 3X Shares (NYSE: FAS), Direxion Daily Financial Bear 3X Shares (NYSE: FAZ), Read more…
DENVER–ALPS is very pleased today to announce the launch of the first Equal Sector ETF, trading under the ticker symbol EQL. The Fund is an ETF of ETFs and will seek to track the performance of the Banc of America Securities – Merrill Lynch Equal Sector Weight Index by owning each of the nine Select Sector SPDR ETFs in equal weights1. The nine Select Sector SPDR ETFs will be rebalanced back to equal weight on a quarterly Read more…
Kevin Baker, writing for thestreet.com compared the Dow Jones Industrial Average and S&P 500 to the Direxion Shares Daily Emerging Markets Bull 3X Shares(EDC), Direxion Shares Daily Developed Markets Bull 3X Shares (DZK) and the Rydex S&P SmallCap 600 Pure Value ETF(RZV) finding that while the DOW rose 12% and the S&P rose 16% in the second quarter, the index gains were dwarfed by the performance of his compared ETF’s. Kevin notes Read more…
Newton, MA – July 6, 2009 – Direxion, a pioneer in providing alternative investment strategies to sophisticated investors, announced today that it will execute a 1-for-5 reverse split of the shares of the Direxion Daily Financial Bull 3x Shares (FAS) and a 1-for-10 reverse split of the shares of the Direxion Daily Financial Bear 3x Shares (FAZ) after the closing of the markets on Wednesday July 8, 2009. FAS and FAZ shares will begin trading on NYSE Arca, Inc. (NYSE Arca) on a split-adjusted basis on Read more…
Leveraged 2X and 3X ETF’s seem easy to understand on the outside, but on the inside they are very complex products. They are meant for daily trading or else you will end up in the decay trap. Read more…
The CNBC Fast Money Traders debated the technology sector yesterday and touched on the PowerShares QQQ (QQQQ). Katie Townshend Stockton a guest from MKM Partners notes that the Q’s were trading below the 50 day moving average which she states could trigger a test the 200 day Read more…
ETF BASIC NEWS, QQQ, QQQQ, XLK
National Stock Exchange, Inc. (NSX®) announced that assets in U.S. listed Exchange-Traded Funds (ETF) and Exchange-Traded Notes (ETN) totaled approximately $603.5 billion at June 2009 month-end. At the end of June 2009, the number of listed products totaled 837, compared to 804 listed products one year ago. Read more…
“ALTHOUGH THURSDAY’S pre-Independence Day holiday volume was light, the retail sector’s decline that day was significant. Not only did the widely followed Merrill Lynch Retail HOLDRs Trust ETF (ticker: RTH) shed 2.9%, but it closed below the bottom of its three-month trading range. Read more…
Leveraged ETF’s are powerful trading tools that are ending up in most investors portfolios. Volume is surging in the leveraged vehicles as investors trade 2X and 3X ETF’s in just about any sector.
“An Exchange Traded Fund, or ETF, may be a prudent allocation for many investors who are wondering how to retool their portfolios. ETF’s may be loosely defined as a hybrid between a mutual fund and a stock. ETF’s are often index-based to a broad or narrow benchmark, and can be hard to beat over time. Read more…
Crude oil is in a correction mode after a huge runnup from the March lows. Recently, Ray Carbone a Nymex energy trader shared his views with CNBC on what oil will do in second half of the year. Read more…
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