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Commentary Topic from greenfaucet

ETF Sorcery

A lot of noise has been made of late about levered and inverse ETFs. There has always been controversy surrounding them but it seems like the rhetoric has kicked it up a notch in light of the recent Finra warning that pretty much says to run screaming from the room with your arms flailing in the air.

ProShares dominates the 2X space, Direxion dominates the 3X and ProShares now has 3X for the S&P 500. 3X long has symbol UPRO and 3X short has symbol SPXU. My take on this has not really changed since the ProShares funds first came out a few years ago.