Market Reversal Reflected in Stunning ETF gains
The market reversed sharply in the last hour of today’s trading, with ETFs recovering much of the ground that was lost in yesterday’s sharp decline. For example: FAS, the triple leveraged bull oriented financial sector ETF regained 21.3% today. TNA, the triple leveraged bull oriented ETF which tracks the Russell 2000, gained 19.9% ERX, the [...]
ProShares Launches First Long/Short RAFI ETF – Offers Access to Absolute Return Strategy
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 [...]
