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Michael Johnston: ProShares added a pair of products designed for investors looking to bet on the short term performance of the often volatile financial sector today. Read more…
Four of Direxion’s 3X ETFs executed a 1-for-5 reverse split today, in the shares of the Direxion Daily Energy Bear 3x Shares (NYSE:ERY), Direxion Daily Real Estate Bear 3x Shares (NYSE:DRV) Read more…
“Leveraged ETFs are one of the most controversial trading instruments to be introduced in recent years. Many financial experts criticize leveraged ETFs as being too complicated and too risky for Read more…
I couldn’t help but notice the press release today on the reverse splits announced for 4 more leveraged ETFs Read more…
“The Direxion Daily Financial Bull 3X Shares (NYSE: FAS) — The fund seeks daily investment results of the price performance of the Russell 1000 Financial Services Index. This highly leveraged ETF Read more…
The Direxion Daily Financial Bull 3X Shares (NYSE:FAS) enjoyed gains in excess of 15% today, as Wall Street rocketed higher after investors were reassured by a nearly $1 trillion plan to avoid Read more…
“Last week, I said that despite accusations of fraud against Goldman Sachs (NYSE: GS), I suspected it would “still land on its feet like a cat.” Even the grilling it got at the hands of self-serving Read more…
Direxion, a pioneer in providing alternative and tactically-oriented investment strategies to sophisticated investors, is pleased to announce the addition of two new Read more…
ProFunds Group, the world’s largest manager of leveraged and inverse funds1, announced today that it is launching eight new ProShares ETFs. A pair of ETFs, one with a daily 3x Read more…
ETF BASIC NEWS, NASDAQ:SQQQ, NASDAQ:TQQQ, NYSE:SDOW, NYSE:SMDD, NYSE:SPXU, NYSE:SRTY, NYSE:UMDD, NYSE:UPRO, NYSE:URTY
Michael Johnston from ETF Database put together a story about More Laughable Leveraged ETF Lawsuits: One of the major stories in the ETF industry over the last year has centered on the appropriate uses Read more…
“Fidelity Investments became the latest to warn its customers about leveraged exchange-traded funds. “Leveraged products are complex, carry substantial risks and are intended for short-term trading,” a warning to customers on Fidelity’s Read more…
“Isn’t it time regulators stopped issuing empty press releases about leveraged ETFs and started regulating? One would think so. If financial regulators really want to do something productive and meaningfully important for the investing public’s benefit, they should begin by forcing providers of short Read more…
ETF BASIC NEWS, NYSE:BGU, NYSE:BGZ, NYSE:ERX, NYSE:ERY, NYSE:FAS, NYSE:FAZ
Daisy Maxey from the WSJ reports “It’s difficult to tell how many unsophisticated investors own leveraged exchange-traded funds, but with these complex funds under scrutiny and some brokers backing away from sales, that ownership seems certain to diminish. Read more…
The Financial Industry Regulatory Authority “FINRA” warned brokers and registered investment advisers a month ago about their fiduciary duties when selling inverse and leveraged ETFs. Read more…
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