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ETFs With Biggest Upgrades Bet Against the Market

Stock quotes in this article: MU , ME , B , CW , ES , IT , DD , X , NEM  

Here are lists of the five most-improved and five most-deteriorated ETF ratings from May 31 to June 30.

All the funds on the upgrade list are ProShares ETFs betting against segments of the market.

The most-improved exchange-traded fund this month is ProShares UltraShort Russell Mid Cap Growth(SDK Quote). This fund jumped 10 notches to A, or buy, in June, from D-, or sell, in the May ratings by betting against the 505 members of the Russell Midcap Growth Index.

Index members are mid-sized companies that tend to have higher price-to-book ratios and growth expectations, including Micron Technology(MU Quote) and Mariner Energy(ME Quote). ...

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