Inverse

Four banks ( Citigroup Inc., C -2.32% Morgan Stanley, MS -2.52% UBS AG UBS +1.42% and Wells Fargo WFC -1.59% & Co.have been fined more than $7.3 million dollars and have had to pay $1.8 million in restitution to customers by the Financial Industry Regulatory Authority (FINRA) for the alleged sale of leveraged and inverse Exchange-traded funds (ETFs) in 2008 and 2009.

Direxion Funds, one of the leading issuers of leveraged ETFs, has chosen BNY Mellon to provide ETF services for its nine most recently launched ETFs. Eight of the nine new ETFs are designed to leverage 300% of the daily performance (or 300% of the inverse) of the Agribusiness, Russian, Materials and Healthcare industries. The final [...]

ProShares announced launch of first ETF offering inverse exposure to US Treasury Inflation-Protected Securities (TPS). The ETF aims to offer -2x of the daily return of the index it follows – the Series-L, Barclays Capital U.S. Treasury Inflation Protected Securities Index. The promised rate of return has been calculated before deducting fees, expenses and other [...]

Direxion, a prominent issuer of leveraged ETFs, is intending to execute a 1 for 5 reverse split on shares of its Daily Large Cap Bear 3x Shares (BGZ). The split will be applied to its Daily Mid Cap Bear 3x Shares (MWN), Daily Developed Markets Bear 3x Shares (DPK) and Daily Semiconductor Bear 3x Shares [...]

BETHESDA, Md.–(BUSINESS WIRE)–ProShares, a premier provider of alternative exchange-traded funds (ETFs), announced the launch of ProShares RAFI® Long/Short (RALS). The ETF, the first dedicated fund that offers a long/short strategy based on Research Affiliate’s pioneering Fundamental Index (RAFI®) methodology, lists on NYSE Arca today. The RAFI approach uses fundamental measures of company size—sales, dividends, cash [...]