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Top 10 Leveraged Long Short Alternative ETFs

 

 

ULE (ProShares Ultra Long 2x Euro ETF) & EUO (ProShares Ultra Short 2x Euro ETF) seeks daily investment results that correspond to twice (200%) the U.S Dollar price of the euro. The funds were launched in November 2008. The expense ratio is .95%. AUM (ULE) equals $8.8 million and average daily trading volume is less than 14K shares. As of early September 2011 the YTD return was 10.03%.

 

AUM (EUO) equal $710 million and average daily trading volume is 3M shares. As of early September 2011 the YTD return was -14.00%.

 

 

 

YCL (ProShares Ultra Long 2x Yen ETF) & YCS (ProShares Ultra Short 2x Yen ETF) seeks daily investment results that correspond to twice (200%) the U.S Dollar price of the yen. The funds were launched in November 2008. The expense ratio is .95%. AUM (YCL) equals $5.5 million and average daily trading volume is less than 11K shares. As of early September 2011 the YTD return was 9.61%.

 

AUM (YCS) equal $276 million and average daily trading volume is 733K shares. As of early September 2011 the YTD return was -11.75%.

 

 

 

 

UUPT (PowerShares/DB 3x Long Dollar Index ETN) & UDNT (PowerShares/DB 3x Short Dollar Index ETN) follows the Deutsche Bank U.S. Dollar Index Futures Index-Excess Return (300%). The funds were launched in May 2011. The expense ratio is .95%. AUM (UUPT) equal $3.7 million and average daily trading volume is 13K shares. As of early September 2011 the return for the quarter of its existence was 4.50% 

 

AUM (UDNT) equal $4.3 million and average daily trading volume is 3K shares. As of early September 2011 the return for the quarter of its existence was -5.35%,

 

 

 

 

The competition between ProShares and Direxion shares remains intense. Excluded due to low liquidity are a couple of MidCap issues. To make these issues perform at their optimum level from a trading perspective the more liquidity the better.

 

Once again these issues aren't for everyone. They're to be used strategically and tactically either to speculate or add a quick hedge when needed. In our opinion a technical approach generally works best and this includes remaining disciplined and systematic at all times. 

For further information about portfolio structures and technical indicators not displayed here (DeMark for example) using this or other ETFs see www.etfdigest.com.

You may address any feedback to: feedback@etfdigest.com   

 

Join in the conversation by following us on Facebook .

 

The ETF Digest maintains no current positions in the ETFs featured herein.

 

 

This commentary comes from an independent investor or market observer as part of TheStreet guest contributor program. The views expressed are those of the author and do not necessarily represent the views of TheStreet or its management.

Dave Fry is founder and publisher of ETF Digest, Dave's Daily blog and the best-selling book author of Create Your Own ETF Hedge Fund, A DIY Strategy for Private Wealth Management, published by Wiley Finance in 2008. A detailed bio is here: Dave Fry.

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