“ProShares UltraShort Russell 2000 Value (NYSE: SJH) — This fund seeks daily results, before fees and expenses, that correspond to twice the inverse of the daily performance of the Russell 2000 Value Index (AMEX: RUJ),” Sam Collins Reports From Options Zone.
Collins goes on to say, “The recent rally has had a strong focus on financial instruments, of which 80% of the assets of the Russell 2000 are composed. This leveraged ETF could be an effective tool to gain from a downturn in those stocks. The target for a quick trade is $22 to $25.”
“This is a speculative, leveraged ETF that is primarily suited to day trading. Be sure to check for any special margin requirements and, recognizing the high risk of this trade, place a stop-loss order at the time of execution,” Collins Reports.