Pat: Can you suggest some U.S. ETFs that are set up to move in the opposite direction of particular stock indexes, rather than in the same direction? Regards
Q: Pat: Can you suggest some U.S. ETFs that are set up to move in the opposite direction of particular stock indexes, rather than in the same direction? Regards.
A: U.S.-based ProShares offers a range of exchange traded funds for U.S. stock indexes. The company offers three types of ETFs:
1) ProShares Short ETFs are designed to move in the opposite direction of the underlying index. For example, ProShares Short S&P500, $20.77, symbol SH on New York, aims to move in the opposite direction of the daily performance of the S&P 500 Index. This ETF has a 0.90% MER.
If the S&P 500 Index is down 2% on a particular day, the Short S&P500 ETF should be up about 2%. If the S&P 500 Index rises 2%, the Short S&P500 ETF should fall 2%.
Other short market index ETFs offered by ProShares include:
ProShares Short QQQ, $52.29, symbol PSQ on New York, aims to move in the opposite direction as the Nasdaq 100. This…
Privacy Policy and Terms of Use
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Does TSI Network Use the Information It Receives?
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Changes to this Policy
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