Gaps on Ultra short ETFs
I have noticed gaps on several Ultra short ETFs yesterday. I also received questions regarding this issue. I was looking for some explanation and I found this:
“ProFunds Group … has announced fourth quarter income dividend distribution declarations for its ProShares ETFs. The firm expects dividend distributions for 52 of its 76 ETFs. Capital gain distributions for 35 of the firm’s ETFs were announced earlier today……”
That means that some capital gains and dividend were extracted from price of these short ETF stocks.
December 25th, 2008 at 5:52 pm
What do you think of the 3x Russell 2000 ETFs?
December 31st, 2008 at 5:09 pm
I think that every ETF is usable, this can be too.
I do not trade broad indexes too much so I do not expect that I would trade tis ETF in future very frequently.