ETF Database » TNA

The 10 Most Actively Traded ETFs In The World

Jared Cummans — Tue, 17 Jan 2012 14:00:31 +0000

ETF investing has surged in recent years as the industry has experienced exponential growth in nearly all aspects of the universe. Now, there are over 1,400 products with more than $1 trillion in combined assets to offer exposure to just about every corner of the market an investor could ever want. But while these products had originally been designed for more traditional, “buy and hold”, investors in mind, they have evolved into trading instruments as well. Many traders utilize exchange traded products for exposure given their transparency, ease of trade, and low expense structures [see also 12 High-Yielding Commodities For 2012]. When it comes time to find the perfect trading instrument, many will start with average daily volume and then work their way through the fund’s holdings. Now it should be noted that ADV and ETFs do not necessarily align; because ETFs can undergo creation, a fund with a low [...]

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ProShares Launches Eight 3x Leveraged ETFs

Michael Johnston — Thu, 11 Feb 2010 19:22:04 +0000

ProShares, the ETF issuer known for its 2x leveraged and inverse ETFs, announced today the launch of eight new 3x and -3x leveraged ETFs covering four major U.S. equity indexes. The benchmarks covered by the new ETFs include the NASDAQ-100, Dow Jones Industrial Average, S&P MidCap 400, and Russell 2000. The new fund launches bring the number of 3x leveraged ProShares ETFs to ten. The company launched the UltraPro S&P 500 (UPRO) and UltraProShort S&P 500 (SPXU) in June 2009, and through January these funds had accumulated almost $270 million in aggregate assets. New ProShares ETFs Index 3x ETF -3x ETF NASDAQ 100 UltraPro QQQ (TQQQ) UltraPro Short QQQ (SQQQ) Dow Jones Industrial Average UltraPro Dow30 (UDOW) UltraPro Short Dow30 (SDOW) S&P MidCap 400 UltraPro MidCap 400 (UMDD) UltraPro Short MidCap 400 (SMDD) Russell 2000 UltraPro Russell 2000 (URTY) UltraPro Short Russell 2000 (SRTY) By expanding its product line to [...]

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ProShares Plans 300% Leveraged ETFs

Michael Johnston — Mon, 08 Feb 2010 22:13:24 +0000

ProShares, the issuer responsible for pioneering leveraged and inverse ETFs, has filed prospectuses for 16 new funds. Expansion is nothing new for ProShares–the company has launched a handful of new ETFs over the last year–but the filing was interesting because it detailed plans for 300% leveraged ETFs. ProShares’ current product line, which consists of more than 90 funds, includes only two ETFs with 300% leverage, the UltraPro S&P 500 (UPRO) and UltraPro Short S&P 500 (SPXU). Historically, ProShares has focused on inverse, 200% leveraged and 200% inverse leveraged ETFs, although the issuer expanded its offerings outside this area last year when in introduced the first 130/30 ETF. Several of the proposed funds, which are based on domestic and international equities and fixed income ETFs, would compete directly with existing products from Direxion. ProShares’ Proposed 3x Leveraged ETFs Style 300% ETF -300% ETF NASDAQ UltraPro QQQ UltraPro Short QQQ DJIA UltraPro [...]

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How To Fix the Leveraged ETF Mess

Michael Johnston — Fri, 26 Jun 2009 11:00:28 +0000

Leveraged ETFs have quickly become the hot-button issue in the ETF industry, dividing investors and observers into two distinct camps. On the one side are sophisticated day traders who believe these funds, which use derivatives and other complex financial instruments to provide amplified daily returns on a target index, are the greatest thing since sliced bread. And on the other are those who accuse these ETFs of being fundamentally dishonest in nature – products that, in the words of legendary investor Jack Bogle, “verge on insanity.” Personally, I fall somewhere in between, believing that leveraged ETFs can be an incredibly powerful tool for sophisticated investors, but acknowledging that there exists the potential for these funds to be used in a detrimental manner by investors unaware of exactly how they function. And while I’m generally inclined to let things be, it’s becoming increasingly clear that this issue will not be going away any time soon [...]

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Responding To Calls For ETF Regulation

Michael Johnston — Tue, 16 Jun 2009 05:30:35 +0000

In the week during which the Obama administration will unveil details surrounding its plan to revamp the regulation of the U.S. financial sector, calls for increased oversight of the ETF industry are picking up steam as well. Scott Burns, director of ETF Analysis at Morningstar, recently laid out a case for increased regulatory requirements for ETFs that use derivatives to achieve their objectives. But I’m not quite convinced that more regulation is the answer. In The Beginning… The first ETFs were equivalent to “plain vanilla” financial instruments, tracking well-known equity and fixed income indexes by duplicating their underlying holdings. Even today, the simplest ETFs remain among the most popular – the indexes tracked by the largest ETFs by market capitalization should be familiar to almost all investors. But as the ETF structure became more familiar and investors became more educated on the advantages of ETFs relative to traditional mutual funds, the [...]

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The Truth About 3x ETFs and Long Term Investing (Or, Don’t Use a Toaster to Cook a Turkey)

Michael Johnston — Wed, 29 Apr 2009 14:05:56 +0000

With last week’s announcement that ProShares has requested that the SEC allow it to provide up to 300% leverage and 300% inverse exposure to 37 different indices, it has become apparent that despite a generally risk-averse economic environment, leveraged ETFs are enjoying a tremendous surge in popularity. In November, rival ETF sponsor Direxion made the jump from 200% coverage, the previous high among levered ETFs. These securities may seem like a golden ticket to an early retirement, but before you go plowing your nest egg into BGU or TNA, let’s take a deeper look at how these funds actually work. 3x ETF Objectives First, it’s important to understand how exactly 3x ETFs are able to amplify daily index returns by up to 300%. According to its prospectus, Direxion’s Daily Total Market Bull 3x Shares ETF “seeks daily investment results, before fees and expenses, of 300% of the price performance of [...]

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ETF Database » TNA

The 10 Most Actively Traded ETFs In The World

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ProShares Launches Eight 3x Leveraged ETFs

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ProShares Plans 300% Leveraged ETFs

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How To Fix the Leveraged ETF Mess

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Responding To Calls For ETF Regulation

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The Truth About 3x ETFs and Long Term Investing (Or, Don’t Use a Toaster to Cook a Turkey)

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