Amplify Cash Flow Dividend Leaders ETF (NASDAQ: COWS)

Ultime notizie per Amplify Cash Flow Dividend Leaders ETF (NASDAQ:COWS)

Amplify Cash Flow Dividend Leaders ETF

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The Fund invests at least 80% of its net assets (plus borrowings for investment purposes) in securities that comprise the Index, which will primarily include dividend paying U.S. equity securities. The Fund will generally use a replication strategy to achieve its investment objective, meaning the Fund will generally invest in all of the component securities of the Index. However, the Fund may use a representative sampling strategy, meaning it may invest in a sample of the securities in the Index whose risk, return, and other characteristics closely resemble the risk, return, and other characteristics of the Index as a whole, when the Funds portfolio managers believe it is in the best interests of the fund.

Commercial Metals Co Com

Cheniere Corp Christi

Concentrix Corporation

Universal Forest Prd

Skyworks Solutions Inc.

Berry Global Inc

Comcast Corp. Class A

Thor Industries Inc

Ingredion Inc

Brunswick Corp

Tapestry Inc

Genpact, Ltd.

Cencora Inc Health Care Equipment & Services

Cisco Systems, Inc.

Timken Co

Williams-sonoma Inc

Schlumberger Nv

Molson Coors Beverage Company

Fedex Corp - Eln

Hca Healthcare Inc.

Matador Resources Co Common Stock Usd 0.01

Fidelity National Financial Inc.

Ebay Inc.

Nrg Energy Inc.

Cf Industries Holdings Inc.

Owens-corning Inc

Vistra Energy Corp.

Direxion, the second-largest issuer of leveraged ETFs behind ProShares, announced that it will shutter nine of its triple-leveraged products next month. Rafferty Asset Management, the advisor to Direxion Shares ETF Trust, cited the funds' "inability to attract sufficient investment assets," as a reason for the closures.

"Rafferty believes they cannot continue to conduct their business and operations in an economically efficient manner," said the company in a statement.

The nine affected funds are: The Direxion Daily Agribusiness Bull 3X Shares (NYSE: COWL), Direxion Daily Agribusiness Bear 3X Shares (NYSE: <a class="ticker" href="/stock/cows#NYSE">COWS</a>), Direxion Daily Basic Materials Bear 3X Shares (NYSE: MATS), Direxion Daily BRIC Bull 3X Shares (NYSE: <a class="ticker" href="/stock/bril#NYSE">BRIL</a>), Direxion Daily BRIC Bear 3X Shares (NYSE: <a class="ticker" href="/stock/bris#NYSE">BRIS</a>), Direxion Daily Healthcare Bear 3X Shares (NYSE: <a class="ticker" href="/stock/sick#NYSE">SICK</a>), Direxion Daily India Bear 3X Shares (NYSE: <a class="ticker" href="/stock/indz#NYSE">INDZ</a>), Direxion Daily Latin America Bear 3X Shares (NYSEA: LHB) and Direxion Daily Retail Bear 3X Shares (NYSE: <a class="ticker" href="/stock/rets#NYSE">RETS</a>). 

Investors will no longer be able to purchase shares in the aforementioned products on September 5. On September 12, the funds will liquidate their assets and distribute cash pro rata to shareholders who have not previously redeemed or exchanged their shares. These payments are taxable and will include any accrued capital gains and dividends, according to the statement.

Direxion had 56 ETFs with almost $6.1 billion in assets under management at the end of July, accordig to data from the ETF Industry Association.

For more on leveraged ETFs, click <a href="http://www.benzinga.com/trading-ideas/long-ideas/12/08/2800841/3-leveraged-etfs-for-august-dug-soxs">here</a>.

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Direxion to Shutter 9 ETFs

After years being caught in what can best described as a death spiral, the likes of which multiple reverse splits could not fix, the U.S. Natural Gas Fund (NYSE: <a class="ticker" href="/stock/ung#NYSE">UNG</a>) has started to perk up recently. In fact, the ETF which at one point earlier this year had lost almost 96% of its value since its 2007 debut, has jumped 7.3% in the past week.

The reason for the bullishness? The U.S. Energy Information Administration cut its 2012 production outlook for the clean-burning fuel while dramatically increasing its demand forecast. Good news <a href="http://www.benzinga.com/trading-ideas/long-ideas/12/05/2570355/beyond-ung-is-this-nat-gas-etf-ready-to-soar">UNG and other ETFs that are heavily exposed to the nat gas trade</a>. 

But this is bad news for one specific group of funds: Agribusiness ETFs. With a quick chemistry lesson, we'll explain why: Natural gas is an integral component in the production of nitrogen-based fertilizers. Simply put, the price of nitrogen fertilizer is intimately correlated to the price of natural gas. 

Consider the following from the <a href="http://www.noble.org/ag/soils/nitrogenprices/">Samuel Roberts Noble Foundation</a>

"Manufacturing 1 ton of anhydrous ammonia fertilizer requires 33,500 cubic feet of natural gas. This cost represents most of the costs associated with manufacturing anhydrous ammonia. When natural gas prices are $2.50 per thousand cubic feet, the natural gas used to manufacture 1 ton of anhydrous ammonia fertilizer costs $83.75. If the price rises to $7.00 per thousand cubic feet of natural gas, the cost of natural gas used in manufacturing that ton of anhydrous ammonia rises to $234.50, an increase to the manufacturer of $150.75."

In other words, it's not a bold statement to say the reason CF Industries (NYSE: <a class="ticker" href="/stock/cf#NYSE">CF</a>), the largest U.S. nitrogen fertilizer producer, is down 9% in the past week is because UNG is up 7.3% over the same time.

Predictably, natural gas' climb has also been bad news for the likes of the Market Vectors Agribusiness ETF (NYSE: <a class="ticker" href="/stock/moo#NYSE">MOO</a>) and its new, unheralded rival, the iShares MSCI Global Agriculture Producers Fund (NYSE: <a class="ticker" href="/stock/vegi#NYSE">VEGI</a>). 

The Global X Fertilizers/Potash ETF (NYSE: <a class="ticker" href="/stock/soil#NYSE">SOIL</a>) isn't escaping the carnage either. SOIL's <a href="http://globalxfunds.com/SOIL">nitrogen heavy lineup has dragged the ETF down more than 5% in the past week</a>. CF accounts for almost 6% of SOIL's weight and is the fund's second-largest holding.

CF Industries accounts for barely more 3% of the overall weights of MOO and VEGI, but that's just one stock. Agrium (NYSE: <a class="ticker" href="/stock/agu#NYSE">AGU</a>) and Yara International also have nitrogen exposure and both are held by both ETFs. Potash Corp. (NYSE: <a class="ticker" href="/stock/pot#NYSE">POT</a>), the second-largest holding in both ETFs, is obviously known more for its namesake crop nutrient, but the company controlled 2% of global nitrogen production at the end of 2010, according to its Facebook page.

Clearly, from the equities side, higher natural gas prices are problematic for MOO, VEGI and some of their constituents. On the futures side, the Teucrium Corn ETF (NYSE: <a class="ticker" href="/stock/corn#NYSE">CORN</a>) has slid almost 5% in the past week,. Again, it's easy to see why: Corn is one of the most nitrogen-intensive crops to produce.

It's certainly not everyone's cup of tea, nor should it be, but perhaps the current state of affairs with ETFs such as MOO and VEGI calls for a look at the Direxion Daily Agribusiness Bear 3X Shares (NYSE: <a class="ticker" href="/stock/cows#NYSE">COWS</a>), a thinly-traded, triple-leveraged bearish play on agribusiness stocks. Consider COWS as a short-term hedge on agribusiness funds or as a pairs trade with UNG or the First Trust ISE-Revere Natural Gas Index Fund (NYSE: <a class="ticker" href="/stock/fcg#NYSE">FCG</a>).

For more on energy ETFs, please click <a href="http://www.benzinga.com/trading-ideas/long-ideas/12/04/2466106/energy-etfs-careful-what-you-wish-for-in-november-xle-xop">HERE</a>.

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First Trust ISE-Revere Natural Gas Index Fund

SOIL

VEGI

Rising Nat Gas Good For Some, Not All (UNG, MOO, COWS)

Harsh reality alert: Stocks and other riskier assets just want to keep on tumbling. We're too early into the fourth quarter to rule a rally out of the question, but the major U.S. indexes are in deep technical trouble and if the S&amp;P 500 cannot held psychological support at 1,100, the next stopping point could very well be 1,060. That implies 40-50 points of downside from where the index currently resides.

With that in mind, the time is still right for inverse ETFs. So put your active trader caps on and get ready for quick-strike profits on the downside with these five inverse funds.

Direxion Daily Agribusiness 3X Bear Shares (NYSE: <a class="ticker" href="/stock/cows#NYSE">COWS</a>):
Don't have a cow, but COWS is in rally mode because the Market Vectors Agribusiness ETF (NYSE: <a class="ticker" href="/stock/moo#NYSE">MOO</a>) is in a tailspin. MOO is an ETF we would be in favor in a bull market, no doubt, and its long-term outlook is encouraging. That said, fertilizer producers are too high-beta to work here and COWS is the best way to short those companies without directly shorting the stocks. This new ETF has gained an astounding 63% in the past month alone.

Direxion Daily Healthcare Bear 3X Shares (NYSE: SICK):
One of the best tickers out there, but this ETF really flies under the radar. As long as correlations remain high, health care stocks will not be immune to broader market's trials and tribulations. They may not decline as much, so that makes leveraging a bearish bet on the group a potentially smart call. Be advised SICK has sick volume, as in less than 1,200 shares a day.

Direxion Daily China 3X Bear Shares (NYSE: YANG):
If you're looking for an attractive chart, YANG is one ETF to evaluate. Like COWS, this triple-leveraged fund is in rally mode right now. In fact, YANG is up nearly 5% on Monday despite some decent economic news out of China. If that news was bad, YANG could be up 10%-12% or more. Definitely one to use stop-loss orders with.

ProShares UltraShort MidCap 400 (NYSE: <a class="ticker" href="/stock/mzz#NYSE">MZZ</a>):
MZZ is basically the bearish cousin of the SPDR S&amp;P 400 MidCap Trust (NYSE: <a class="ticker" href="/stock/mdy#NYSE">MDY</a>). That ETF is down nearly 15% year-to-date, but the declines have accelerated recently as MDY is more than 21% in the past 90 days. If large-caps aren't a place to hide, mid-caps certainly are not. Seek refuge from the storm with MZZ as long as it stays above $53.

Broad U.S. Equity ETFs

Four More Inverse ETFs to Get Acquainted With Now

Another down week at the office for stocks as the third quarter drew to a close with U.S. equities notching their worst quarterly performance the fourth quarter of 2008. You know, the dark days of the financial crisis.

During the third quarter, the S&amp;P 500 shed 14% and the Dow Jones Industrial Average was hardly better with a 12% loss. Are things looking up for the fourth quarter of the year? Not to be Debbie Downer, but probably not.

Hopefully we're wrong about that, but the path of least resistance is clearly down for the time being. With that, here are some ETFs that will definitely be in play come Monday.

Market Vectors Coal ETF (NYSE: <a class="ticker" href="/stock/kol#NYSE">KOL</a>):
Gone are the days when KOL was one of our favorite ETFs. Did you see that lower guidance issued by Arch Coal (NYSE: <a class="ticker" href="/stock/aci#NYSE">ACI</a>) after the bell on Friday? That's almost a guarantee that KOL will continue its bearish ways next week.

Direxion Daily Agribusiness Bear 3X Shares (NYSE: <a class="ticker" href="/stock/cows#NYSE">COWS</a>):
Long-term, there's a lot to like about fertilizer stocks and other companies with exposure to the farm theme. Right now, these high-beta plays are to be avoided. Or shorted. Do that with the new and unheralded Direxion Daily Agribusiness Bear 3X Shares. COWS gained almost 10% on Friday.

ProShares UltraShort Russell 2000 (NYSE: <a class="ticker" href="/stock/srty#NYSE">SRTY</a>):
The Russell 2000 is in major technical danger. On the other hand, SRTY is bumping against some stiff resistance and by tacking on 10 cents or so, a run from $26 to $32 isn't out of the realm of possibility. This is your small-cap play, folks.

SPDR Gold Shares (NYSE: <a class="ticker" href="/stock/gld#NYSE">GLD</a>):
Gold has not obeyed its seasonal trends recently. Then again, the yellow metal hasn't really violated its long-term uptrend. The correction has been healthy, necessary and overdone. Now it's time for gold to resume its uptrend.

ProShares UltraShort Emerging Markets (NYSE: <a class="ticker" href="/stock/eev#NYSE">EEV</a>):
There isn't a good to say about emerging markets ETFs right now except for some look like good values. Those good values are destined to be great in a week or two, meaning those ETFs are going to decline in price. Cozy up to EEV as the way to play emerging markets in the near-term.

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SRTY

A Look Ahead: Next Week's ETFs to Watch

Fertilizer producers CF Industries Holdings (NYSE: <a class="ticker" href="/stock/cf#NYSE">CF</a>) and Terra Nitrogen (NYSE: <a class="ticker" href="/stock/tnh#NYSE">TNH</a>) rode last week's volatility, reaching a series of new 52-week highs and ending the week at $168.20 and $169.60 per share, respectively.

CF Industries saw some analysts raise their price targets on the stock following the recent second-quarter earnings report. The company's board also quadrupled its quarterly dividend to $0.40 per share. The Illinois-based chemicals company manufactures and distributes nitrogen and phosphate fertilizer products to agricultural and industrial customers worldwide. It is an S&amp;P 500 company with a market cap of $12.1 billion.

The long-term earnings per share growth forecast is 10.9% and the return on equity is 23.6%. The dividend yield is 1.0%. The P/E ratio and the PEG ratio are in line with the industry averages. The share price rose about 15% last week and is about 25% higher than at the beginning of the year. Over that time, the stock has outperformed competitors Agrium (NYSE: <a class="ticker" href="/stock/agu#NYSE">AGU</a>) and Potash (NYSE: <a class="ticker" href="/stock/pot#NYSE">POT</a>) as well as the broader markets.

Terra Nitrogen, an Iowa-based producer of nitrogen fertilizer products to agricultural and industrial customers in the U.S., last week reported strong year-over-year earnings growth for the second quarter. Terra Nitrogen GP serves as the general partner of the company and is a subsidiary of CF Industries.

This $3.1 billion market cap company has a quarterly payout yield of 6.7%. Its return on equity is 97.4% and it reports no long-term debt. The 10.9 P/E ratio is less than the industry average.

The share price is more than 103% higher than a year ago, as well as up more the 8% in the past week. The stock has outperformed CF Industries and Mosaic (NYSE: <a class="ticker" href="/stock/mos#NYSE">MOS</a>), as well as the broader markets, year to date.

Action Items:

Bullish: Traders interested in ETFs invested in CF Industries might want to consider the following trades:

<ul><li>Market Vectors Agribusiness ETF (NYSE: <a class="ticker" href="/stock/moo#NYSE">MOO</a>) is up more than 19% in the past year.</li>
<li>Rydex S&amp;P Equal Weight Materials (NYSE: <a class="ticker" href="/stock/rtm#NYSE">RTM</a>) is up more than 10% in the past year.</li></ul>

Bearish: Traders looking for a contrarian angle may want to consider this alternative:

<ul><li>Daily Agribusiness Bear 3x (NYSE: <a class="ticker" href="/stock/cows#NYSE">COWS</a>) is up more than 6% year to date.</li></ul>

Neither Benzinga nor its staff recommend that you buy, sell, or hold any security. We do not offer investment advice, personalized or otherwise. Benzinga recommends that you conduct your own due diligence and consult a certified financial professional for personalized advice about your financial situation.

Rydex ETF Trust Rydex S&P Equal Weight Materials ETF

Fertilizer Producers Come Out on Top

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Amplify Cash Flow Dividend Leaders ETF

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