Rydex ETF Trust has announced the scheduled liquidation of twelve ETFs. Friday, May 21, 2010, will be the last day shares of the Funds can be traded on NYSE Arca and the last day on which creation unit aggregations of each Fund may be purchased or redeemed. NYSE Arca will suspend trading in the Read more…

REA, REC, RFL, RFN, RHM, RHO, RMM, RMS, RRY, RRZ, RTG, RTW

Earnings season looks more like flu season as sneezing health care stocks sickened the performance of exchange-traded funds.

During the five trading days that ended Thursday, the 79 health care ETFs we track lost 2.9%, on average. The only exception was the ProShares UltraShort Health Care Fund (RXD), which sells the sector short to generate an inverse performance. The S&P 500 Index was little-changed during the week.

The worst-performing health care fund was the Rydex 2X S&P Select Sector Health Care ETF (RHM), which dropped 6.8%. The fund’s two largest holdings Johnson & Johnson (JNJ) and Pfizer (PFE) slipped 1.5% and 4.5%, respectively………

…………The ProShares Ultra Health Care Fund(RXL) and the ProFunds Health Care UltraSector ProFund (HCPIX) had the second- and third-biggest declines of the group. Both portfolios aim to track the daily performance of the Dow Jones U.S. Health Care Index with 200% and 150% leverage, respectively.

Full Story:  http://www.thestreet.com/story/10491714/1/health-care-etfs-drop-on-profit-concerns.html?cm_ven=GOOGLEFI

RHM, RXD, RXL