Rank: Member
Joined: 8/18/2008
Posts: 21
Location: Ann Arbor MI
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I have a rookie questions to ask.
Question: I have been tracking several ETF's that short the markets from a list provided by someone here. Do these trade like any other stock? They seem to be something more akin to a Mutual Fund. Are there fees associated with buying and selling other than the fee from ones broker?
Long separated by cruel fate, the star-crossed lovers raced across the grassy field toward each other like two freight trains, one having left Cleveland at 6:36 p.m. traveling at 55 mph, the other from Topeka at 4:19 p.m. at a speed of 35 mph.
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Rank: Advanced Member
Joined: 10/24/2008
Posts: 52
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they (ETFs) trade exactly as stocks.
Depending on your buying power, you may want to look at long/short the inverse.
For example. SSO is ultra long S&P. SDS is ultrashort S&P. SDS is roughly $89 and SSO is roughly $30. You have much more buying power in shorting SSO than you do in long SDS. Both move roughly 2x the index.
Same with QID and QLD for the Naz.
DIG/DUG, XLE/XLF, etc., etc., etc
Pay attention to the ex-dividend and cash record dates.
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