PSQ/QQQ, FAZ/Financials, SOXS/Semiconductors, NAIL/short homebuilding, TZA/small caps, and the list goes on and on for every sector. These are leveraged and short an index.
It is not the same really as going short and you do not have to borrow shares from your broker. These, plus more are ETNs. There are also reciprocals that go long an index that are leveraged. IE FAS is long financials.
Anything leveraged is risky as they move 2-3 times the market movement that day.
Just something I have been looking at until out market turns around and of course it is best to buy a short ETN on an up day for the market, although we have no had a whole lot of these. All of these are very close to their bottom.
Most do not hold these long term.
No recommendation
Exchange-traded notes (ETNs) are types of unsecured debt securities that track an underlying index of securities and trade on a major exchange like a stock. ETNs are similar to bonds but do not have interest payments. Instead, the prices of ETNs fluctuate like stocks.
www.proshares.c...d-inverse-etfs/?etftype=&a...
It is not the same really as going short and you do not have to borrow shares from your broker. These, plus more are ETNs. There are also reciprocals that go long an index that are leveraged. IE FAS is long financials.
Anything leveraged is risky as they move 2-3 times the market movement that day.
Just something I have been looking at until out market turns around and of course it is best to buy a short ETN on an up day for the market, although we have no had a whole lot of these. All of these are very close to their bottom.
Most do not hold these long term.
No recommendation
Exchange-traded notes (ETNs) are types of unsecured debt securities that track an underlying index of securities and trade on a major exchange like a stock. ETNs are similar to bonds but do not have interest payments. Instead, the prices of ETNs fluctuate like stocks.
www.proshares.c...d-inverse-etfs/?etftype=&a...
Comment:
correction NAIL is Long homebuilding
Comment:
SPXS shorts SPY
DOG shorts DIA as does SDOW
SQQQ, QID shorts QQQ
TZA is short small caps
FAZ shorts financials.
WEBS shorts Dow Jones Internet
There are many more ETNs that short different sectors.
FNGD shorts FANG+ Index and I have noted this one moves a lot up or down during a trading session : Top 10 Holdings
Apple Inc
10.00%
Amazon.com Inc
10.00%
Alibaba Group Holding Ltd ADR
10.00%
Baidu Inc ADR
10.00%
Meta Platforms Inc Class A
10.00%
Alphabet Inc Class A
10.00%
Microsoft Corp
10.00%
Netflix Inc
10.00%
NVIDIA Corp
10.00%
Tesla Inc
DOG shorts DIA as does SDOW
SQQQ, QID shorts QQQ
TZA is short small caps
FAZ shorts financials.
WEBS shorts Dow Jones Internet
There are many more ETNs that short different sectors.
FNGD shorts FANG+ Index and I have noted this one moves a lot up or down during a trading session : Top 10 Holdings
Apple Inc
10.00%
Amazon.com Inc
10.00%
Alibaba Group Holding Ltd ADR
10.00%
Baidu Inc ADR
10.00%
Meta Platforms Inc Class A
10.00%
Alphabet Inc Class A
10.00%
Microsoft Corp
10.00%
Netflix Inc
10.00%
NVIDIA Corp
10.00%
Tesla Inc