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Want To Bet Against Tesla? There Could Be A New Inverse ETF For Traders
Thursday, February 17, 2022 - 6:34pm | 679An ETF filed Thursday would bet against one of the most loved stocks and companies and could create a battle with the world’s richest person. What Happened: Direxion filed an ETF called Direxion Daily TSLA Bear 1X Shares. The ETF would bet against Tesla Inc (NASDAQ: TSLA) on a daily basis and...
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This Might Be The Leveraged Gold ETF To Consider
Thursday, June 20, 2019 - 1:06pm | 555For traders loving leverage with gold miners exchange-traded funds, the Direxion Daily Gold Miners Index Bull 3X Shares (NYSE: NUGT) has been the place to be. NUGT, currently one of the most popular leveraged ETFs, is up 53% in June, indicating up has been the path of least of resistance with the...
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A Beloved Biotech ETF Could Lure Traders Again
Wednesday, June 19, 2019 - 9:27am | 542With biotechnology stocks and the related exchange-traded funds recently showing some signs of life, it could be just a matter of time before aggressive traders embraced leveraged healthcare ETFs. What Happened The Direxion Daily S&P Biotech Bull 3X Shares (NYSE: LABU) is one of the premier...
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Some Traders Wager On A Rebound For Chip Stocks
Friday, June 14, 2019 - 9:21am | 450Semiconductor stocks and the related exchange-traded funds have been front and center amid the US/China trade controversy. The industry's vulnerability to trade tensions, particularly those involving China, was on display in May when the widely followed PHLX Semiconductor Sector Index (XSOX)...
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Traders Got Bearish On Gold Miners In A Hurry
Thursday, June 13, 2019 - 9:37am | 494The NYSE Arca Gold Miners Index (GDMNTR), one of the most widely followed gauges of gold mining equities, is flat over the past week, but if leveraged exchange-traded funds prove to be accurate guides, it appears traders are not waiting around for gold miners to generate more near-term upside. What...
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How To Play An Interesting Small-Cap Phenomenon
Wednesday, June 12, 2019 - 9:24am | 538Recent equity market turbulence is proving to be a headwind for small-cap stocks. Over the past 90 days, the small-cap Russell 2000 Index is lower by 1.70 percent while the large-cap Russell 1000 Index is higher by 3.70 percent. The small-cap index has also been nearly 500 basis points more...
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It's Time To Consider Leveraged Healthcare ETFs
Friday, June 7, 2019 - 9:29am | 503For traders using leveraged sector exchange-traded funds, one key to successfully using these products in the short-term fashion in which they are intended is to treat leveraged ETFs as event-driven trades. Those events include earnings announcements, mergers and acquisitions headlines and, for...
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When A Relative Weight Strategy Might Work For You
Thursday, June 6, 2019 - 10:47am | 976Going overweight one investment instrument while pouring leverage to short another related instrument is a common portfolio strategy among institutional traders. But, aside from the capital requirements and sheer level of sophistication required, most retail traders would struggle to find a place...
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Where Traders Love Frackers
Tuesday, June 4, 2019 - 9:32am | 528The S&P Oil & Gas Exploration & Production Select Industry Index (SPSIOPTR), as is often the case, is responding to oil prices. This month, that is not a good thing as the index is lower by more than 13.50 percent over the last 30 days as oil prices have tumbled. What Happened...
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Gold's Resurgence Felt By These Leveraged ETFs
Monday, June 3, 2019 - 1:11pm | 511With riskier assets taking a beating last month, safe havens benefited, including gold. The SPDR Gold Shares (NYSE: GLD), the world's largest gold-backed exchange traded fund, jumped 2.43 percent in May while equity benchmarks stumbled. What Happened Gold's May rebound, which took the...
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Someone's Betting It's Time For This EM ETF To Rebound
Tuesday, May 28, 2019 - 10:37am | 445These are rough times for emerging markets equities and exchange-traded funds. This month, the widely followed MSCI Emerging Markets is down 8.60 percent and has seen its year-to-date gains nearly wiped out. What Happened In May, the S&P Latin America 40 Index, a widely followed gauge of stocks...
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Leveraged Chip ETFs Embody Trade War Volatility
Friday, May 24, 2019 - 10:41am | 592Huawei, the Chinese telecommunications gear maker, is one of the most identifiable companies caught in the crosshairs of the ongoing US/China trade flap. Swirling controversy around Huawei is pressuring the semiconductor industry and the related exchange traded funds, leading to an avalanche of...
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Q&A: Direxion Managing Director Dishes On Their Lightly Leveraged Funds 6 Months After Launch
Monday, August 27, 2018 - 5:18pm | 1467In February, leveraged-ETF provider Direxion launched a suite of six new funds. These lightly leveraged “PortfolioPlus ETFs” provide only 25 percent of added daily exposure, compared to the 300 percent of a typical Direxion fund. The funds—the PortfolioPlus S&P 500 ETF (...
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Which Sectors Have Been The Most Popular Among Short-Term Traders In 2018?
Thursday, May 10, 2018 - 7:28am | 795The semiconductor and financials sectors have been two of the most popular sectors among short-term traders in 2018, according to fund flow data from ETF.com. Looking at the year-to-date fund flows of Direxion ETFs, the largest issuer of leveraged ETFs, the Direxion Daily Financial Bull 3x Shares (...
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Direxion Launches New Leveraged China A-Share ETF
Wednesday, April 22, 2015 - 3:33pm | 448Chinese stocks have been red hot this year, and a new entrant in the ETF space is looking to intensify those returns through the use of leveraging. Direxion Investments recently introduced the Direxion Daily CSI 300 China A Share Bull 2x Shares (NYSE: CHAU). This ETF seeks to replicate 200...