QuantGuy emails:
Subject: Failure of the reverse leveraged ETFs
Today represented the anomaly that has been in the news lately about the inverse leveraged ETFs:
S&P down 0.06%
SDS down 0.05%
not only wasn't it doubled, it went in the same direction.
SDS is one such ETF ("UltraShort S&P500 ProShares") that is intended to protect against downside risk -- in this case against a daily drop in the S&P 500.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjqjQXbCNpuOqXMvwvuz7lA9tbPkDNNMalJA5j7uKQV0XqUtR-vn6XFRNJ7aP5tPPlQn3AySf5-10uPoWyZwE-YRAmjUCkgdVQoN_1gkd_GJjANT9gP3MLlFtWXGDNukw7z7Z_l/s400/090824-sp-sds.jpg)
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