Direxion and S&P Bring Dynamic Volatility Hedging to ETFs with VEQTOR
As the ETF space continues to evolve and push into new territory, such as strategy-in-a-box ETFs and more actively managed ETFs (e.g., QAI, ALT, PQY, PQZ, GVT, PSR, RWG), it was only a matter of time before a volatility play was added to the pool of ac...
Leveraged ETFs, Volatility and Range-Bound Markets
I noticed that Direxion, the dean of triple ETFs, has added a handful of tools to their web site recently. These include: Daily/Cumulative Performance Illustrator Tracking Center Recent Volume Tool Volatility Tool Premium/Discount Tool ...
ProShares Adds Four New Triple ETF Pairs
When Direxion launched the first batch of triple ETFs back in November 2008, I may have been the first person to openly champion them, even going way out on a limb with Prediction: Direxion Triple ETFs Will Revolutionize Day Trading. Fifteen months la...
How are SPXU and UPRO Being Traded?
Yesterday, I did my best to be provocative in Is the VIX Being Artificially Depressed by Increased Use of SPXU? One of the points I made is that SPXU could be a substitute for SPX puts (and perhaps artificially depress the VIX as a result) for those wh...
Direxion Announces Reverse Splits for FAS and FAZ
Direxion formally announced today what has been rumored for awhile now, that its two most popular triple ETFs, FAS and FAZ, will undergo reverse splits after the close of trading on Wednesday, July 8th. FAS (financial 3x ETF), which closed Friday at 8...
FAS Is Now XLF
For someone who gets a kick out of volatility, the arrival of triple ETFs has been a little bit like manna from heaven. Of course the launch of the Direxion triple ETFs back in early November just happened to coincide with the highest VIX readings in h...
The Next Big Thing?
This morning ProShares launched two new triple ETFs. Now before you exclaim, “Enough already!” consider that the new ETFs are designed to track the daily moves of the S&P 500 index. As such, these are the first 3x and -3x ETFs that track the SP...
