Ultime notizie per ProShares Short QQQ (ARCA:PSQ)

ProShares Short QQQ

The Fund invests in financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the Daily Target. The Index is designed to measure the performance of 100 of the largest Nasdaq-listed non-financial companies. The Index includes non-financial companies listed on the Nasdaq Global Select Market or the Nasdaq Global Market (which include both U.S. and non-U.S. companies). The top 100 companies based on market capitalization are included in the Index. These companies are then weighted based on market capitalization. The Indexs composition and the assigned weights are reevaluated every December, with additional weight adjustments occurring in March, June, and September.

Palmer Square Funds Trust Palmer Square CLO Senior Debt ETF

PSQ Holdings Inc

PSQ Holdings, Inc. Warrants, each exercisable for one share of Class A common stock at an exercise price of $11.50 per share

Palmer Square Funds Trust Palmer Square Credit Opportunities ETF

Mobile-focused online firearms retailer GrabAGun announced Monday a SPAC merger to go public and named Donald Trump Jr. as an<a href="https://www.benzinga.com/topic/donald-trump-jr"> investor and advisor.</a>
The SPAC Merger: GrabAGun announced a SPAC merger valuing the company at $150 million with Colombier Acquisition Corp II (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLBR#NYSE">CLBR</a>). The deal will add to the<a href="https://www.benzinga.com/topic/guns"> list of gun stocks </a>and related businesses that are public.
Colombier Acquisition Corp is led by Omeed Malik, who is described as a "distinguished entrepreneur and investor with extensive experience in digital marketplace transactions" in the deal announcement.
After the merger, the company will <a href="https://www.businesswire.com/news/home/20250106730864/en/">trade </a>as GrabAGun Digital Holdings Inc with the ticker "PEW" on the NYSE. The merger is expected to close in summer of 2025.
Current Colombier Acquisition shareholders are expected to <a href="https://www.sec.gov/Archives/edgar/data/1995413/000121390025000951/ea022679401ex99-1_colom2.htm">own </a>68% of the new company depending on shareholder redemptions at the time of the merger.
The company said the funds from the SPAC merger will help with future growth initiatives, seeking consolidation opportunities and general corporate purposes.
Did You Know?
<ul>
<li>Congress Is Making Huge Investments. <a href="https://www.benzinga.com/gov-trades/?utm_source=BZprocontent010625">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
About GrabAGun: Competing in the $25 billion firearms and ammunition segment, GrabAGun uses a mobile and online platform to cater to a younger audience and create ease-of-use for consumers to secure guns.
The company was founded in 2010 and said it operates under regulatory and legal requirements of the U.S. Bureau of Alcohol, Tobacco, Firearms and Explosives.
GrabAGun partners with multiple leading gun manufacturers and allows users to pick hich gun they want to buy through the e-commerce platform and then pick it up at a secure location to complete the purchase.
The company offers guns from Smith &amp; Wesson Brands (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SWBI#NASDAQ">SWBI</a>) and Sturm, Ruger &amp; Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RGR#NYSE">RGR</a>). When public, the company will among gun-related stocks such as Olin Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OLN#NYSE">OLN</a>), Axon Enterprise (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AXON#NASDAQ">AXON</a>), AMMO Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/POWW#NASDAQ">POWW</a>), American Outdoor Brands (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AOUT#NASDAQ">AOUT</a>) and Academy Sports and Outdoors (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASO#NASDAQ">ASO</a>).
The company also offers consumer financing, which it calls "shoot now/pay later" in the merger announcement.
Trump Jr. Added To Company: On Monday, it was announced that Trump is a "newly appointed advisor" to the company. He will also be an investor in the company after the merger is closed.
"It's truly important to me to only support and invest in companies that actually share my pro-American values, which is exactly why I'm so excited to announced our partnership with GrabAGun," Trump said.
Trump highlighted the company's focus on the Second Amendment and made a comparison to companies like Public Square (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSQ#NYSE">PSQ</a>), Rumble Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUM#NASDAQ">RUM</a>) and Trump Media &amp; Technology Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>) and their support of the First Amendment.
"In an age where our right to bear arms is under constant attack from anti-gun politicians and woke corporations, GrabAGun has developed a powerful, scalable platform that offers unmatched selection and services to Americans who wish to legally buy and own a firearm."
Trump said GrabAGun will "revolutionize the industry" and drive "significant growth" ahead.
The GrabAGun and Colombier Acquisition Corp II merger is the latest to use the Trump name as a selling point to investors. Trump was recently added to the board of PSQ Holdings, a company that went public via SPAC merger with Colombier Acquisition Corp I.
Trump was also <a href="https://www.benzinga.com/24/11/42215044/unusual-machines-appoints-donald-trump-jr-to-its-advisory-board-whats-going-on">added as an advisor </a>to Unusual Machines (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/UMAC#AMEX">UMAC</a>), a drone company.
Both PSQH and UMAC shares soared by more than 100% on news of the association with Trump. 
Financials and Growth: GrabAGun had revenue of $98 million in 2023, up 14% year-over-year. The company reported that trailing 12-month revenue is $99.5 million, up 9.2% year-over-year.
The company has trailing 12-month EBITDA of $5.3 million. The company says it has positive cash flow.
GrabAGun CEO Marc Nemati said the SPAC merger will help the company scale operations and expand its reach with several growth opportunities ahead. 
"In an industry that has historically been slow to adopt modern technology, we have developed a scalable solution that delivers a best-in-class buying experience to customers nationwide," Nemati said.
The company said gun purchases by millennials and Gen Z consumers are a key growth area. Gun ownership for people ages 18 to 35 was up 57% from 2014 to 2023 compared to growth of 2% for the 35-50 demographic and a drop of 11% for the 50-64 group, according to GrabAGun. 
With a mobile and online experience that it said is more attractive to younger consumers, the company said it believes it can take market share from other gun retailers.
CLBR Price Action: Colombier Acquisition shares are down 7.55% to $10.90 Monday morning. Shares traded higher premarket on news of the deal.
Read Next: 
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<li><a href="https://www.benzinga.com/24/12/42747345/marjorie-taylor-green-went-christmas-shopping-for-stocks-heres-what-she-bought-before-holiday">Marjorie Taylor Greene Went Christmas Shopping For Stocks, Here&#8217;s What She Bought Before Holiday</a></li>
</ul>
Photo via Shutterstock.

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Trump Jr. Partners With GrabAGun: What Investors Should Know About E-Commerce Company Set To Trade As 'PEW'

On CNBC's &#8220;<a href="https://www.cnbc.com/video/2024/10/02/final-trades-organon-howmet-and-the-psq.html">Halftime Report Final Trades</a>,&#8221; Stephen Weiss of Short Hills Capital Partners named ProShares Short QQQ (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSQ#NYSE">PSQ</a>) as <a href="https://www.benzinga.com/quote/PSQ">his final trade</a>.
Jenny Van Leeuwen Harrington of Gilman Hill Asset Management said Organon &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OGN#NYSE">OGN</a>) is back to 6% dividend yield.
On Sept. 18, Organon agreed to acquire Roivant Sciences Ltd's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROIV#NASDAQ">ROIV</a>) Dermavant Sciences Ltd, which is focused on developing and commercializing therapeutics in immunodermatology. Dermavant's novel product, Vtama (tapinarof) cream, 1%, for the topical treatment of mild, moderate, and severe plaque psoriasis in adults, was approved by the FDA in May 2022. Vtama cream is a once-daily, steroid-free, topical therapy <a href="https://www.benzinga.com/general/biotech/24/09/40927042/roivant-sciences-offloads-psoriasis-medicine-maker-to-organon-for-up-to-1-2b">applied to affected areas</a>.
 Don't forget to check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
Joseph M. Terranova of Virtus Investment Partners picked Howmet Aerospace Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HWM#NYSE">HWM</a>), an industrial name.
On July 30, Howmet Aerospace reported better-than-expected second-quarter FY24 financial results. The Board of Directors declared a dividend of 8 cents per share, payable on Aug. 26 to shareholders of record as of Aug. 9. Howmet Aerospace increased its revenue outlook to $7.40 billion-$7.48 billion (from $7.225 billion-$7.375 billion) versus the consensus of $7.33 billion and adjusted EPS to $2.53-$2.57 (from $2.31-$2.39) v<a href="https://www.benzinga.com/quote/HWM/earnings">s. the consensus of $2.39</a>.
Price Action:
<ul>
<li>ProShares Short QQQ slipped 0.1% during Wednesday's session.</li>
<li>Organon shares fell 1.3% to settle at $18.58 on Wednesday.</li>
<li>Howmet Aerospace shares gained 0.4% to close at $101.29 during Wednesday's session.</li>
</ul>
Check This Out: 
<ul>
<li><a href="https://www.benzinga.com/markets/24/10/41156151/wall-streets-most-accurate-analysts-give-their-take-on-3-consumer-stocks-delivering-high-dividend-yi">Wall Street&#8217;s Most Accurate Analysts Give Their Take On 3 Consumer Stocks Delivering High-Dividend Yield</a>s</li>
</ul>
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ROIV

Organon, Howmet Aerospace And More: CNBC's 'Final Trades'

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Analyst Ratings

CNBC Halftime Report Final Trades: Organon & Co., Howmet Aerospace, ProShares Short QQQ

The debate about whether members of the U.S. Congress should be allowed to buy and sell stocks often gains steam when questionable trades are <a href="https://www.benzinga.com/news/23/08/33880886/senators-perfect-timing-russian-war-linked-biotech-buy-raises-eyebrows-amid-trading-ban-debate">made and shared publicly.</a>
A leading member of Congress continued his trend of recent years betting against the stock market performance.
 What Happened: No stranger to <a href="https://www.benzinga.com/government/22/11/29572688/us-senator-sitting-on-finance-committee-bets-against-stock-market-heres-who-and-how">betting against the performance</a> of the stock market, Sen. Thomas Carper (D-Del.) cashed out from one of his bearish positions and entered a new one.
"Senator Carper is short the market through an ETTF called $HDGE and therefore short America," a tweet from @congresstrading <a href="https://twitter.com/congresstrading/status/1720165015850721612?t=4r388LU6lA1UFSl7KAFkYw&amp;s=19">said</a>.
The filing shared showed Carper sold his positions held in the ProShares Short QQQ ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSQ#NYSE">PSQ</a>) on Oct. 20. The transaction totaled sales of $3,000 to $45,000 according to the filing.
Along with the sale, Carper also disclosed purchasing up to $45,000 in AdvisorShares Ranger Equity Bear ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HDGE#NYSE">HDGE</a>).
According to Unusual Whales, Carper <a href="https://twitter.com/unusual_whales/status/1720483649819439220">shorted </a>the stock market four other times with a profit each time. The recent sale of ProShares Short QQQ came with around a 6% profit according to a tweet.
The transaction followed similar trades by Carper in both HDGE and PSH previously. In November 2022, Benzinga shared Carper had <a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/23/08/33530405/us-senator-on-finance-committee-places-bet-on-market-downturn-a-look-at-his-bearish-et">bought up to $110,000 in the AdvisorShares Ranger Equity Bear ETF</a>.
The Ranger Equity Bear ETF was launched in 2011 by Advisor Shares.
"The investment objective of the AdvisorShares Ranger Equity Bear ETF is capital appreciation through short sales of domestically traded equity securities," the company's website said.
AdvisorShares said the ETF could be used as a tool in a long/short strategy in which investors go long on an index ETF and go long HDGE, giving them short exposure as well.
Related Link: <a href="https://www.benzinga.com/government/23/01/30260466/10-best-stock-traders-in-congress-in-2022-spoiler-nancy-pelosi-isnt-no-1">10 Best Stock Traders In Congress In 2022 </a>
Why It's Important: Carper sits on the Senate Finance Committee, drawing a potential warning for investors that the stock market could trade down in the coming months given Carper's large bet.
Carper has served in the U.S. Senate since 2001 but announced earlier this year that he will not be seeking re-election in the 2024 election. &nbsp;
Members of Congress are allowed to buy and sell stocks, including taking short positions, as long as they properly disclose.
A push to ban members of Congress from buying and selling stocks, options and ETFs had risen in recent years. Over the past two years, members of Congress have been buying and selling stocks linked to committees they serve on or based on new policies or contracts announced by the U.S. government, which raised concerns that there was insider trading activity happening.
As a member of the Senate Finance Committee, Carper could be privy to information on what the U.S. government planned to do to fight high inflation.
Read Next: <a href="https://www.benzinga.com/markets/penny-stocks/23/02/30768851/want-to-copy-master-trader-nancy-pelosis-investments-theres-an-etf-for-that-here-are-the-hol">Want To Copy Master Trader Nancy Pelosi's Investments? There's An ETF For That</a>

Government

Broad U.S. Equity ETFs

ETFs

HDGE

US Senator Who Serves On Finance Committee Profits From Betting Against The Stock Market — And He Just Bet The Same Again

A member of Congress could be raising red flags and pushing forward calls to ban <a href="https://www.benzinga.com/government/23/07/33288522/paging-nancy-pelosi-ban-on-congressional-trading-could-be-coming">trading activity by&nbsp;lawmakers.</a>
Here&rsquo;s a look at one member of Congress betting against the market,&nbsp;including his past instances of taking similar positions.
What Happened:&nbsp;Senator Thomas Carper (D-DE) is <a href="https://www.benzinga.com/government/22/11/29572688/us-senator-sitting-on-finance-committee-bets-against-stock-market-heres-who-and-how">once again betting</a> against the performance of U.S. stock markets, with an ETF purchase he made in July.
A new filing disclosure <a href="https://twitter.com/congresstrading/status/1686786214475579392">shared </a>by CongressTrading on Twitter revealed that Carper bought shares of the ProShares Short QQQ ETF (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/psq#NYSE">PSQ</a>). The ETF is an inverse ETF seeking to outperform the Nasdaq 100 Index by going short the leading market index.
Carper bought two stakes of $1,000 to $15,000 in the ETF according to the filing, with a trading date of July 13 listed.
The filing also showed that Carper sold U.S. Treasury Bills valued at a range of $15,000 to $50,000 and $50,000 to $100,000 in two separate transactions.
Carper also sold positions in the Ranger Equity Bear ETF (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hdge#NYSE">HDGE</a>), which were listed with values of $15,000 to $50,000 and $1,000 to $15,000.
&ldquo;Senator Carper reports shorting (betting against) the American economy in his stock portfolio. So now is he incentivized to pass laws to ruin the economy so he makes money?&rdquo; CongressTrading asked on Twitter.
Carper has served in the U.S. Senate since 2001 and announced previously that he will not be seeking re-election in 2024.
Trades by Carper often draw attention given his role <a href="https://www.carper.senate.gov/about/committees/">serving </a>on the Finance Committee and serving as the Chairman of the Subcommittee on International Trade, Customs and Global Competitiveness.
Related Link:<a href="https://www.benzinga.com/government/23/01/30260466/10-best-stock-traders-in-congress-in-2022-spoiler-nancy-pelosi-isnt-no-1"> 10 Best Stock Traders In Congress In 2022&nbsp;</a>
Why It&rsquo;s Important: Benzinga previously reported on Carper buying a position in the Ranger Equity Bear ETF in November 2022. The ETF from Advisor Shares was launched in 2011 and seeks to earn &ldquo;capital appreciation through short sales of domestically traded equity securities.&rdquo;
The position in the bearish ETF was previously flagged by UnusualWhales on Twitter which said Carper was &ldquo;actively shorting the US economy.&rdquo;
The trade in the ProShares Short QQQ on July 13 was executed&nbsp;as shares traded&nbsp;between $10.29 and $10.42 on that particular day. Shares of the ETF trade at $10.50 at the time of writing.
Carper&rsquo;s bet on the short Nasdaq 100 ETF comes as the Invesco QQQ Trust (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/qqq#NASDAQ">QQQ</a>), which tracks the index, is up 41.8% year-to-date in 2023.
The index has been driven by the exceptional performance of technology stocks this year, particularly those related to the artificial intelligence sector, which have seen significant increases in valuation.
The surge in valuation in several of the top Nasdaq 100 components led to a <a href="https://www.benzinga.com/news/23/07/33373293/ark-funds-on-nasdaq-rebalancing-can-smaller-tech-stocks-have-their-spotlight-plus-a-look-at-top-10-h">historical re-balance</a> in July to lower the weighting of key components.
Two members of Congress recently introduced a bill that would ban congressional members, the president, vice president, employees of the executive branch and Capitol Hill aides from owning stocks in individual companies.
&ldquo;It is critical that the American people know that their elected leaders are putting the public first, not looking for ways to line their own pocket,&rdquo; bill co-sponsor Kirsten Gillibrand (D-NY) said in a statement.
Read Next: <a href="https://www.benzinga.com/markets/mutual-funds/23/07/33202142/bernie-sanders-doesnt-own-individual-stocks-but-his-mutual-fund-holdings-include-stakes-in-c">Bernie Sanders Doesn&#39;t Own Individual Stocks But His Mutual Funds Holdings Include Stakes In Companies He&#39;s Criticized Including Tesla&nbsp;</a>
Photo: Unsplash

General

Senator On Finance Committee Places Bet On Market Downturn: A Look At His Bearish ETF Purchase In July

A U.S. Senator who previously bet against the stock market in 2022 has placed a new bet with an ETF that shorts U.S. listed companies. Here are the details.
What Happened: Delaware Senator Thomas Carper bought up to $110,000 in Ranger Equity Bear Bear ETF (ARCA: $HDGE), an active ETF that shorts US listed stocks, <a href="https://twitter.com/unusual_whales/status/1588323869634441216">according to </a>Unusual Whales, a Twitter account that tracks unusual trades by Congress members.
Carper, who sits on the Senate Finance Committee, &quot;is actively shorting the US economy,&rdquo; Unusual Whales tweeted.
Related Link:&nbsp;<a href="https://www.benzinga.com/news/22/01/25015596/exclusive-unusual-whales-creates-nancy-pelosi-etf-so-you-can-track-her-trades">EXCLUSIVE - Unusual Whales Creates &#39;Nancy Pelosi ETF&#39; So You Can Track Her Trades</a>
The Ranger Equity Bear Bear ETF (ARCA:HDGE) from Advisor Shares was <a href="https://advisorshares.com/etfs/hdge/">launched </a>in 2011 and has $152 million in assets under management.
&ldquo;The investment objective of the AdvisorShares Ranger Equity Bear ETF is capital appreciation through short sales of domestically traded equity securities,&rdquo; the company&rsquo;s website says. &ldquo;In selecting short positions, the Fund seeks to identify securities with low earnings quality or aggressive accounting which may be intended on the part of company management to mask operational deterioration and bolster the reported earnings per share over a short time period.&rdquo;
AdvisorShares says the ETF could be used as a tool in a long/short strategy where investors go long on an index ETF and go long HDGE giving them short exposure as well.
The fund invests in companies with future catalysts that could drive stock prices lower. The fund seeks to hold between 20 to 75 short positions averaging in size of 2% to 7% each.
Among the current top ten holdings of the ETF are Universal Display (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/oled#NASDAQ">OLED</a>), OneMain Holdings (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/omf#NYSE">OMF</a>), Equinix (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/eqix#NASDAQ">EQIX</a>), DoorDash Inc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dash#NYSE">DASH</a>) and Cirrus Logic (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/crus#NASDAQ">CRUS</a>).
The current makeup of the ETF is 45.7% small cap stocks, 36.5% mid-cap stocks and 17.8% large cap stocks.
Why It&rsquo;s Important: While members of Congress are allowed to buy and sell stocks, including taking short positions, as long as they properly disclose, this could be a bad take for the public.
The<a href="https://www.benzinga.com/news/22/07/28252561/could-nancy-pelosi-and-husband-be-banned-from-stock-trading-heres-what-could-be-coming-in-august"> push to ban members </a>of U.S. Congress from buying and selling stocks, options and ETFs has risen in recent years. Over the last two years, members of Congress have been buying and selling <a href="https://www.benzinga.com/news/22/02/25337519/10-best-stock-traders-in-congress-in-2021-spoiler-nancy-pelosi-isnt-no-1">stocks linked </a>to committees they serve on or based on new policies or contracts announced by the U.S. government.
Carper, who previously served as Delaware governor from 1993 to 2001, has been a U.S. Senator since 2001. He has actively been <a href="https://sec.report/Senate-Stock-Disclosures">betting </a>against the performance of the U.S. stock market in 2022.
As a member of the Senate Finance Committee, Carper could be privy to information of what the U.S. government plans to do to fight high inflation and keep the country out of a recession.
Along with the new position in the Ranger Equity Bear Bear ETF, Carper <a href="https://unusualwhales.com/politics/profile/Thomas%20R%20Carper">previously </a>held shares of the ProShares Short QQQ (ARCA:PSQ), which bets against the performance of the Nasdaq 100, as tracked by the Invesco QQQ Trust (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/qqq#NASDAQ">QQQ</a>).
Carper also previously held shares of the ProShares Short S&amp;P 500 (ARCA:SH), which shorts the S&amp;P 500, a key market index tracked with the S&amp;P 500 ETF Trust (ARCA:SPY).
The U.S. Senator holds long positions in several stocks, so the new position could be a hedge as it was meant or a trust that AdvisorShares has found companies that will likely have earnings pressure going forward.
News of Carper&rsquo;s bets against the U.S. stock market could continue to put pressure on a ban of members of Congress to be able to trade stocks.
<ul>
<li>The HDGE ETF is up 7.6% in the last month compared to a 9.2% drop for the S&amp;P 500.</li>
<li>The ETF is up 23.0% year-to-date in 2022 compared to a loss of 23.9% for the S&amp;P 500.</li>
<li>HDGE beats the S&amp;P 500 over the short term</li>
<li>Scaling out further shows HDGE down 22.6% in the last three years compared to a gain of 8.2% for the S&amp;P 500.</li>
<li>Over the last five years, HDGE is down 17.6% compared to a gain of 11.7% for the S&amp;P 500.</li>
</ul>
Read Next:&nbsp;<a href="https://www.benzinga.com/government/22/03/26184477/us-congressman-proposes-new-taxes-on-oil-companies-months-after-buying-tesla-shares-what-investors-s">US Congressman Proposes New Taxes On Oil Companies Months After Buying Tesla Shares: What Investors Should Know</a>
<ul>
</ul>

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How This US Senator, Finance Committee Member Is Betting Against The Stock Market

Donald Trump served as the 45th president of the United States from January 2017 to January 2021. He was defeated by former Vice President Joe Biden in the <a href="https://www.benzinga.com/news/20/11/18261020/joe-biden-wins-2020-presidential-election-as-donald-trump-pushes-lawsuits-recounts">2020 presidential election</a>. Here&rsquo;s a look at how the Nasdaq 100 has performed since Trump left the White House.
What Happened: After serving as president for four years, Trump vacated the White House on Jan. 20, 2021.
During his time as president, the stock markets <a href="https://www.benzinga.com/general/education/21/01/19225452/how-the-markets-performed-on-the-last-day-of-trumps-presidency">enjoyed four years </a>of strong returns. The S&amp;P 500, tacked by the SPDR S&amp;P 500 ETF Trust (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/spy#NYSE">SPY</a>), had average annual gains of 14.5% during Trump&rsquo;s four years in office.
The Nasdaq 100, which tracks the largest non-financial stocks that trade on the Nasdaq exchange, also enjoyed sizable returns during Trump&rsquo;s time in office. The Nasdaq 100 is tracked by the Invesco QQQ Trust (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/qqq#NASDAQ">QQQ</a>).
The markets continued to rally after Biden won the presidential election on Nov. 3, 2020 and during his first year as a president. Biden <a href="https://www.benzinga.com/news/22/01/25137004/biden-vs-trump-how-did-stock-market-returns-compare-after-their-first-year-as-president">enjoyed the highest </a>one-year market return for the S&amp;P 500 since 1945 when Harry Truman was in the White House.
The COVID-19 pandemic, global tensions and a period of high inflation have sent stocks down and erased some of the gains held by investors. Here&rsquo;s a look at how one of the leading market indexes has performed since Trump left office.
Related Link: <a href="https://www.benzinga.com/general/education/22/10/29224819/if-you-invested-1-000-in-the-dow-jones-when-donald-trump-left-the-white-house-heres-how-much-yo">If You Invested $1,000 In The Dow Jones When Donald Trump Left The White House, Here&#39;s How Much You&#39;d Have Now&nbsp;</a>
Investing $1,000 In the Nasdaq 100: The Invesco QQQ Trust traded at $320.14 on Jan. 20, 2021 when Trump left office.
A $1,000 investment in the Invesco QQQ Trust could have purchased 3.12 shares at market open on the day Trump left the White House.
That same investment would be worth $862.71 today, based on a price of $276.52 for QQQ at the time of writing. The investment would be down 13.7% in the 19 months since Trump left office.
Investors would have done better if they bet on the market going down after Trump left office. The ProShares Short QQQ (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/psq#NASDAQ">PSQ</a>), an inverse ETF betting against the performance of the Nasdaq 100, is up 1.9% over the same 19 months.
Photo via Shutterstock.

Education

If You Invested $1,000 In The Nasdaq 100 When Donald Trump Left The White House, Here's How Much You'd Have Now

CNBC&rsquo;s &quot;Fast Money: Halftime Report&quot; delivers market-moving news to investors.
The commentary delivered by hosts of the show often moves the stocks mentioned. The information is collected and refined using Benzinga Pro&rsquo;s News Tool. Benzinga Pro users can access this information by using the News tool on any workstation.
Final trades:
Eaton Corporation PLC (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/etn#NYSE">ETN</a>)
Lamar Advertising Co (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lamr#NASDAQ">LAMR</a>)
Dollar General Corp (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dg#NYSE">DG</a>)
ProShares Short QQQ ETF (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/psq#NYSE">PSQ</a>)

Media

LAMR

Dollar General, Eaton Are Among Friday's CNBC 'Fast Money' Final Trades

CNBC&rsquo;s &quot;Fast Money: Halftime Report&quot; delivers market-moving news to investors.
The commentary delivered by hosts of the show often moves the stocks mentioned. The information is collected and refined using <a href="https://benzinga.grsm.io/register174">Benzinga Pro&rsquo;s</a> News Tool. Benzinga Pro users can access this information by using the News tool on any workstation.
Rob Sechan purchased the following stocks:
Blackstone Inc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bx#NYSE">BX</a>)
Mastercard Inc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ma#NYSE">MA</a>)
Suncor Energy Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/su#NYSE">SU</a>)
Call of the day:
Crowdstrike Holdings Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/crwd#NASDAQ">CRWD</a>)
Final trades:
Sempra Energy (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sre#NYSE">SRE</a>) Joe Terranova
ProShares Short QQQ ETF (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/psq#NYSE">PSQ</a>) Steve Weiss
Innovator US Equity Buffer ETF (BATS: <a class="ticker" href="https://www.benzinga.com/stock/bsep#BATS">BSEP</a>) Bryan Talkington
Kroger Co (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/kr#NYSE">KR</a>) Jason Snipe

Innovator ETFs Trust Innovator S&P 500 Buffer ETF - September

BSEP

CRWD

Blackstone, Mastercard Are CNBC 'Fast Money' Mentions, And Steve Weiss Is Going Short This Sector

CNBC&rsquo;s &quot;Fast Money: Halftime Report&quot; delivers market-moving news to investors.
The commentary delivered by hosts of the show often moves the stocks mentioned. The information is collected and refined using <a href="https://benzinga.grsm.io/register174">Benzinga Pro&rsquo;s</a> News Tool. Benzinga Pro users can access this information by using the News tool on any workstation.
Steve Weiss of Short Hills Capital is shorting the tech sector with the following ETF:
ProShares Short QQQ ETF (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/psq#NYSE">PSQ</a>)
Call of the day:
Honeywell International Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hon#NASDAQ">HON</a>)
Amazon.com, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amzn#NASDAQ">AMZN</a>)
Final trades:
CME Group Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cme#NASDAQ">CME</a>)
ProShares Short QQQ ETF (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/psq#NYSE">PSQ</a>)
AbbVie Inc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/abbv#NYSE">ABBV</a>)
iShares 1-3 Year Treasury Bond ETF (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/shy#NASDAQ">SHY</a>)

ABBV

AMZN

iShares Trust Barclays 1-3 Year Treasury Bond Fund

Amazon, Honeywell Are CNBC 'Fast Money' Calls Of The Day; Steve Weiss Is Shorting This Sector

On <a href="https://www.cnbc.com/video/2021/06/18/final-trades-amzn-psq-len-whr.html">CNBC&#39;s &quot;Fast Money Final Trades,&quot;</a> Tim Seymour said fifth time is going to be the charm in Amazon.com, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amzn#NASDAQ">AMZN</a>) attempt to break above $3,500. He is a buyer of the stock.
James McDonald said if this is the end of the bull market, at least in the short term, ProShares Short QQQ ETF (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/psq#NYSE">PSQ</a>) is where you want to put your money.
Steve Grasso wants to buy Lennar Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/len#NYSE">LEN</a>).
Karen Finerman would be a buyer of Whirlpool Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/whr#NYSE">WHR</a>).

'Fast Money' Picks For June 21

With the present market volatility, some investors may want to consider hedging their portfolios. One way to do that is to short stocks.&nbsp;
The problem with shorting stocks outright is the unlimited risk associated with it. Because stocks can theoretically go up forever, betting against them makes the amount you can lose unlimited. Most brokers also require a margin account in order to short stocks, which is something not all retail traders have access to.&nbsp;
There are however, other ways to bet against the market. One of the most popular ways to do that is with inverse ETFs.&nbsp;
<h3>Inverse ETFs</h3>
One risk to shorting has been eliminated with the creation of certain inverse ETFs. Inverse ETFs are not short individual stocks; they are long portfolios of securities structured to perform in an inverse direction to benchmarks. Derivatives and other securities are used, including swap agreements. Some of these ETFs do not use benchmarks to short against, but rather create their own models to perform in an inverse manner.&nbsp;
Suppose you thought the overall market will decline in the short term. One way to hedge your portfolio to prepare for that would be to buy the ProShares Short S&amp;P 500 (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sh#NYSE">SH</a>), which attempts to return the daily investment result that is the inverse of the S&amp;P 500 Index performance. If the S&amp;P 500 Index goes up one percent in a day, the daily goal of SH is to decline by one percent on that day.&nbsp;
<h3>Emphasis On Daily Returns</h3>
Maybe the biggest difference between sophisticated investors and retail investors regarding inverse ETFs is that experienced investors understand how different the performance of a daily return versus a non-daily return can be on a longer than one-day basis. Before trading an inverse ETF, you need to understand that an inverse ETF&rsquo;s asset base will be reset on a daily basis.&nbsp;
An example is to suppose that you think the tech sector is going to decline, and you want to short the sector for a big move. So, you buy the ProShares Short QQQ ETF (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/psq#NYSE">PSQ</a>) and plan to hold it for more than one day. Even if you&rsquo;re right, and QQQ declines, PSQ will match the inverse of QQQ&rsquo;s performance for only one day. The second day and third day, and every day after that, QQQ and PSQ will travel in an inverse direction, but they will not necessarily not match each other.&nbsp;
There are several factors that cause inverse ETF&rsquo;s to not return the exact opposite performance of an index. One of these is costs: inverse ETFs usually have higher expense ratios, sometimes much higher, than regular ETFs. Some inverse ETFs have expense ratios of one percent or more, which cuts down on the return of inverse ETFs.&nbsp;
Another factor contributing to performance difference is the compounding effect. After each trading day, inverse ETF&rsquo;s are reset, and the gain or loss for the next trading day is based on the principal reset principal price. This is not true of the index, which is not reset; the principal amount of the index includes factors such as its prior gains or losses, dividends, and other earnings, and expenses, which increases and reduces the index principal value. &nbsp;&nbsp;
Among the other factors differentiating the price performance between an index and its inverse ETF performance for more than one day is correlation risk; some of the companies in an index might be hard to trade, increasing trading costs. This is a daily potential problem since an inverse ETF rebalances each trading day.
<h3>Actively managed inverse ETFs. &nbsp;</h3>
There are inverse ETFs offered for a wide variety of markets, such as sectors, countries, or asset classes. Most inverse ETFs are passively managed, meaning they track an index. However some inverse ETFs are actively managed, that is they&rsquo;re managed by a team that makes changes according to their investment model. AdvisorShares is an ETF sponsor that offers actively managed inverse ETFs, the Ranger Equity Bear (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hdge#NYSE">HDGE</a>) and AdvisorShares Dorsey Wright Short (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dwsh#NASDAQ">DWSH</a>). &nbsp;
In actively managed portfolios, managers seek out the asset classes that are most prone to decline. This strategy is different than a benchmark inverse ETF. With actively managed inverse ETFs, the ETF may not go up when the market is declining because there is no benchmark to tie its market performance to. Instead, the ETF maker decides which sectors to short according to its methodology. All the major indexes might go down, for example, and an actively managed inverse ETF can decline. Of course, the adverse can also happen where actively managed inverse ETFs can advance when the market goes up.
When used correctly, inverse ETFs can be a great way to hedge your portfolio and bet on the downside. For any investor who understands the risks and benefits of using leverage, these products can provide a tactical way to protect your investments and even profit in the event of a downturn.&nbsp;
Max Isaacman is a Registered Investment Advisor and Author in San Francisco. Among other firm associations, he was a registered representative at Merrill Lynch and a Vice President at Lehman Brothers. He wrote three books published by McGraw-Hill, including the groundbreaking first ETF book, How to be an Index Investor (McGraw-Hill, 2000), and one book published by Financial Times Press; the books are internationally published, including in China and Russia. He can be contacted at maxisa@portsmouthfinancial.com&nbsp;
&nbsp;
The author is currently long DWSH

Penny Stocks

Short Ideas

DWSH

How To Short The Stock Market Via Inverse ETFs

Friday brought an upbeat February jobs report, but confirming that market participants are locked into the coronavirus, stocks continued swooning as the number of confirmed cases of the respiratory illness in the U.S. ballooned past 230.
With major equity benchmarks&nbsp;such as the S&amp;P 500 and the Dow Jones Industrial Average&nbsp;residing below key trendlines, including the 200-day moving average, conditions are ideal for active traders to consider inverse and <a href="https://www.benzinga.com/trading-ideas/long-ideas/20/03/15463193/it-could-be-time-for-these-two-bearish-bank-etfs">leveraged bearish exchange traded funds</a>.
Here are a few names&nbsp;traders can consider if market conditions continue deteriorating over the near-term.
<h3>ProShares Short QQQ (PSQ)</h3>
The ProShares Short QQQ (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/psq#NYSE">PSQ</a>) is an ideal way for even conservative traders to participate in downside for technology and communication services stocks: this fund is inverse, though not leveraged.
What that means is that PSQ is designed to deliver the daily inverse performance of the popular Nasdaq-100 Index. So if that benchmark declines by 1% on a given day, PSQ should rise by 1%.
PSQ is also a good short-term hedge for investors holding the Invesco QQQ (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/qqq#NASDAQ">QQQ</a>), the Nasdaq-100 tracking ETF. Although PSQ isn&#39;t leveraged, those using it should still treat as a short-term instrument.
&ldquo;Due to the <a href="https://www.proshares.com/funds/performance/the_universal_effects_of_compounding.html">compounding</a> of daily returns, holding periods of greater than one day can result in returns that are significantly different than the target return and ProShares&#39; returns over periods other than one day will likely differ in amount and possibly direction from the target return for the same period,&rdquo; <a href="https://www.proshares.com/funds/psq.html">according to ProShares.</a>
<h3>Direxion Daily Energy Bear 3X Shares (ERY)</h3>
Friday&#39;s more than 15% jump, one built on heavy volume, by the Direxion Daily Energy Bear 3X Shares (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ery#NYSE">ERY</a>) notwithstanding, it&#39;s easy to see why ERY is an alluring short-term play in the current environment.
The Organization of Petroleum Exporting Countries said earlier this week it&#39;s cutting output, and Exxon Mobil (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/xom#NYSE">XOM</a>) and Chevron (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cvx#NYSE">CVX</a>) laid out budgets that indicate a large amount of prudence. Yet energy stocks are trading as if oil is at $20 per barrel, not the $43 area where it actually resides.&nbsp;
ERY aims to deliver <a href="http://www.direxion.com/products/direxion-daily-energy-bull-3x-etf">triple the daily inverse returns</a> of the Energy Select Sector Index, and the risk with this fund is clear: ERY has already more than doubled this year, and with the energy sector so battered, it may not take much after the coronavirus situation ebbs to ignite a rally here, punishing ERY in the process.
<h3>Direxion Daily Consumer Discretionary Bear 3X Shares (PASS)</h3>
Although the February jobs report would appear to indicate the U.S. economy remains on solid footing, it encompasses a period in which the coronavirus only started becoming a concern in the U.S. Now, it&#39;s a breakout &mdash; and one that could easily derail consumer confidence.
Look at Amazon.com, Inc.&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amzn#NASDAQ">AMZN</a>), which is lower by more than 8% this month.
Amazon is relevant to the Direxion Daily Consumer Discretionary Bear 3X Shares (NYSE: PASS) because PASS&#39;s underlying index devotes over 23% of its weight to the e-commerce giant.
<h3>ProShares Ultra Short Industrials (SIJ)</h3>
The coronavirus is punishing the industrial sector, as highlighted by recently sour performances by Boeing Co&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ba#NYSE">BA</a>) and United Technologies Corporation&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/utx#NYSE">UTX</a>), just to name two.
Enter the ProShares Ultra Short Industrials (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sij#NYSE">SIJ</a>), which tries to deliver double the daily inverse returns of the Dow Jones U.S. Industrials Index.
Looking at the Industrial Select Sector SPDR (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/xli#NYSE">XLI</a>), a near-term case grows for SIJ. XLI is sporting a March loss approaching 14% and closed Friday about 11% below its 200-day line.

Long Ideas

Sector ETFs

4 Bearish ETFs Just Right For A Wild Market With Coronavirus Volatility

Stocks suffered through their worst day of 2017 Tuesday with the S&amp;P 500 sliding 1.2 percent. One day doesn&#39;t always result in a new trend, but investors should always be prepared.
Exchange traded funds offer investors myriad avenues with which to prepare for equity market retrenchments.
Here are some ideas from the world of ETFs for investors looking to hedge against a possible correction in stocks.
<h3>
	Direxion Daily S&amp;P 500&nbsp;Bear 1x Shares (NYSE: <a class="ticker" href="/stock/spdn#NYSE">SPDN</a>)</h3>
Leveraged ETFs are often viewed as one of the best ways to profit when stocks decline and there are plenty of leveraged ETFs tracking widely followed U.S. equity benchmarks, such as the S&amp;P 500. However, leveraged ETF are volatile instruments, intended for use only by active, risk-tolerant, sophisticated traders <a href="https://www.benzinga.com/trading-ideas/long-ideas/16/11/8716997/some-traders-see-upside-for-these-oil-etfs">over intraday time frames</a>.
The Direxion Daily S&amp;P 500 Bear 1x Shares is an inverse though not leveraged ETF. Like leveraged ETFs, inverse ETFs are intended to be short-term trading vehicles, not investments, but SPDN does represent a more conservative avenue for profiting from a possible decline in the S&amp;P 500. If SPDN <a href="http://www.direxioninvestments.com/products/daily-sp-500-bear-1x-shares">behaves as expected</a>, it will rise 1 percent on a day when the S&amp;P 500 declines by the same amount.
<h3>
	SPDR Gold Shares (NYSE: <a class="ticker" href="/stock/gld#NYSE">GLD</a>)</h3>
Gold is a favored destination for investors to guard against equity market corrections, a thesis largely based on historical data indicating the yellow metal isn&#39;t highly correlated to bonds and stocks.
The current environment brings an interesting confluence of factors, including the dichotomy of rising interest rates and a lethargic U.S. dollar. Rising rates are usually seen <a href="https://www.benzinga.com/trading-ideas/long-ideas/17/03/9155614/gold-tops-these-asset-classes">as a drag on gold</a> because bullion offers no yield, but a weak dollar is a boost because gold is denominated in dollars.
Gold is more attractive when interest rates because there&#39;s no yield as there&#39;s on a bond fund, meaning capital appreciation is the only way investors in these products are compensated for taking on gold market risk. On the other hand, data suggests inflation is rising, which could bode well for gold ETFs because the yellow metal is often embraced as an inflation hedge.
Investors added $377.1 million to GLD this year.
<h3>
	ProShares Short QQQ (NYSE: <a class="ticker" href="/stock/psq#NYSE">PSQ</a>)</h3>
The Nasdaq Composite slid 1.8 percent Tuesday. Again, that is just one day, but investors looking to hedge against further Nasdaq declines without employing leverage can turn to the ProShares Short QQQ.
PSQ &ldquo;seeks a return that is -1x the return of an index or other benchmark (target) for a single day, as measured from one NAV calculation to the next. Due to the <a href="http://www.proshares.com/funds/performance/the_universal_effects_of_compounding.html">compounding</a> of daily returns, ProShares&#39; returns over periods other than one day will likely differ in amount and possibly direction from the target return for the same period,&rdquo; according to <a href="http://www.proshares.com/funds/psq.html">ProShares</a>.
Investors long technology ETFs or individual stocks such as Apple Inc. (NASDAQ: <a class="ticker" href="/stock/aapl#NASDAQ">AAPL</a>) or Amazon.com Inc. (NASDAQ: <a class="ticker" href="/stock/amzn#NASDAQ">AMZN</a>) could find PSQ to be a potentially useful near-term hedge.

Commodities

Markets

AAPL

SPDN

3 Conservative ETF Ideas For A Market Correction

The Internet has not destroyed all publishers, as Reed Elsevier NV (NYSE: <a class="ticker" href="/stock/enl#NYSE">ENL</a>) is up for the last week, month, quarter, six months and year of market action.

	A previous article on Benzinga detailed the reasons to be bullish about <a href="http://&quot;http://www.benzinga.com/trading-ideas/long-ideas/14/08/4791228/3-reasons-to-be-bullish-about-pearson-publishing&quot;">Pearson Publishing</a>. Like Pearson Publishing (NYSE: <a class="ticker" href="/stock/pso#NYSE" style="font-size: 13px;">PSO</a>), Reed Elsevier has a very lucrative niche in business and scientific information solutions that has held up well against the Internet and mobile devices. Investors should expect that to continue.

	Projected earnings growth is bullish for the Dutch publishing house.

	At present, earnings-per-share is increasing at a rate of 4.30 percent. That is expected to rise to six percent over the next half-decade. An increase in earnings of more than 25 percent presents a very positive outlook.

	<bzrelatedlink>Related Link: <a href="http://www.benzinga.com/trading-ideas/long-ideas/14/08/4779498/3-reasons-to-ride-railroad-stocks">3 Reasons To Ride Railroad Stocks</a></bzrelatedlink>

	Reed Elsevier NV has a profit margin of 37.20 percent. Comparatively,&nbsp;Apple&nbsp;has a profit margin of 21.60 percent while&nbsp;Microsoft&nbsp;has a profit margin 25.40 percent. Old-school publishing beats the high-tech behemoths here in this vital indicator.

	Reed Elsevier NV is also more generous with its shareholders than Apple or Microsoft.

	The dividend yield for Apple is 1.84 percent. For Microsoft, the dividend yield is 2.50 percent. Reed Elsevier NV has a dividend yield of 3.79 percent.

	Making all of that even more impressive is that Reed Elsevier NV has no debt.

	Reed Elsevier NV is now trading around $46, close to its 52-week high. The short float is miniscule, so few on Wall Street are betting that it will fall in price.

	For long-term investors looking for a solid income stock that is up nearly 30 percent in the last year of market action, Reed Elsevier NV is worth the read.

	Jonathan Yates does not have a position in any of the stocks mentioned in this article.

Dividends

3 Reasons To Consider Investing In Reed Elsevier NV

Volatility has returned in 2014 after consecutive months of relative calm that has many investors looking for ways to profit on the downside or hedge existing positions. 

	Advanced traders may be seeking out options strategies or shorting individual stocks to great effect, but another alternative is to consider an inverse ETF that tracks a broad equity index.

	An example of this concept is the ProShares Short QQQ (NYSE: <a class="ticker" href="/stock/psq#NYSE">PSQ</a>), which provides investment results that correspond to the inverse daily performance of the NASDAQ-100 Index.   

	Put simply, this ETF moves in the opposite direction of the popular technology-laden PowerShares QQQ (NASDAQ: <a class="ticker" href="/stock/qqq#NASDAQ">QQQ</a>). 

	Diversification and liquidity are just two <a href="http://www.benzinga.com/general/education/14/03/4403680/etfs-vs-mutual-funds-the-debate-rages-on">advantages of investing in an ETF</a> instead of shorting individual companies.  In addition, you can own inverse ETFs in a retirement account without having to worry about margin privileges being enabled. 

	This makes them very flexible tools for traders looking to profit when stocks are falling.

	See also: <a href="http://www.benzinga.com/etfs/sector-etfs/14/04/4462458/consumer-discretionary-etf-woes-continue">Consumer Discretionary ETF Woes Continue</a>

	In the month of April, PSQ has risen four percent as investors have shied away from high beta stocks in industries like biotechnology and social media.  The aggressive ProShares UltraShort NASDAQ Biotechnology (NASDAQ: <a class="ticker" href="/stock/bis#NASDAQ">BIS</a>) gained 17 percent over that same time frame. 

	This leveraged ETF is designed to provide double the inverse daily performance of the NASDAQ Biotechnology Index. 

	The use of leverage in an exchange-traded vehicle is certainly not for the faint of heart as it magnifies prices moves in either direction. 

	Another concern with leverage is how its compounding effect erodes the tracking efficiency of the underlying index over time.  Leveraged ETFs are only designed to track the daily price movement of an index.  

	Thus, investors should not expect that a 10 percent move in an index for a 2x leveraged ETF over a three-month time frame is going to correlate perfectly to a 20 percent return.

	Most experts agree that inverse and leverage ETFs should only be used for short-term trading opportunities rather than long-term investment themes. 

	Investors that are considering these tools should carefully consider the risks and research them thoroughly before opting to employ them moving forward.

Inverse ETFs Offer Traders A Profitable Edge On The Downside

Here's a quick look at some of the top performing Nasdaq stocks in May. These stocks all have a market cap of more than $500 million and they all pay a dividend.

OPNET Technologies (NASDAQ: <a class="ticker" href="/stock/opnt#NASDAQ">OPNT</a>) is almost 30% lower year to date, but up more than 10% in the past month. The Bethesda, Md.-based software company beat fiscal fourth-quarter EPS expectations in mid May, sending shares higher. It has a $578.4 million market cap and a dividend yield of 2.3%. The long-term EPS growth forecast is 16.7%. But the stock has underperformed the likes of CA Technologies (NASDAQ: <a class="ticker" href="/stock/ca#NASDAQ">CA</a>) and Compuware (NASDAQ: <a class="ticker" href="/stock/cpwr#NASDAQ">CPWR</a>) over the past six months.

PetSmart (NASDAQ: <a class="ticker" href="/stock/petm#NASDAQ">PETM</a>) shares are trading more than 26% higher year to date, including up more than 10% in the past month. It reached a multiyear high following the recent first-quarter report. The $7.0 billion specialty retailer has a dividend yield is 0.9%. Its long-term EPS growth forecast is 16.1% and its return on equity is 27.9%. The stock has outperformed Walmart (NYSE: <a class="ticker" href="/stock/pcln#NYSE">PCLN</a>) and the broader markets since the beginning of the year.

See also: <a href="http://www.benzinga.com/intraday-update/12/05/2612597/petsmart-up-over-11-on-strong-earnings-and-guidance">PetSmart Up Over 11% on Strong Earnings and Guidance</a>

Raven Industries (NASDAQ: <a class="ticker" href="/stock/ravn#NASDAQ">RAVN</a>) is up more than 9% in the past month and more than 21% in the past six months. The industrial products maker said in May it beat top line and bottom line estimates and its board approved a stock split. The company is based in Sioux Falls, S.D., and has a market cap of $1.2 billion. Its dividend yield is 1.3% and the return on equity is 30.7%. Because of the recent surge, the stock has outperformed the broader markets over the past six months.

Royal Gold (NASDAQ: <a class="ticker" href="/stock/rgld#NASDAQ">RGLD</a>) is trading almost 11% higher than a month ago. Early in May, the Denver-based precious metals royalties company posted its fifth-consecutive quarter of double-digit revenue growth. The $4.0 billion market cap company has a dividend yield of 0.9% and its long-term EPS growth forecast is 10.0%. Because of the recent rise in the share price, the stock has narrowly outperformed the broader markets over the past three months.

Spreadtrum Communications (NASDAQ: <a class="ticker" href="/stock/sprd#NASDAQ">SPRD</a>) is up about 31% in the past month, but still more than 12% lower year to date. This $829.4 million market cap semiconductor maker posted strong first-quarter results early in May. It has a dividend yield of 2.2%, the long-term EPS growth forecast is 17.5% and the return on equity is 48.9%. The stock has outperformed competitors Intel (NASDAQ: <a class="ticker" href="/stock/rbcn#NASDAQ">RBCN</a>) and Texas Instruments (NASDAQ: <a class="ticker" href="/stock/txn#NASDAQ">TXN</a>) over the past three months.

True Religion Apparel (NASDAQ: <a class="ticker" href="/stock/trlg#NASDAQ">TRLG</a>) is more than 12% higher than 90 days ago, but it still has a long way to go to rebound from the plunge in February following an earnings miss. The California-based jeans and sportswear maker has a dividend yield of 2.7% and a long-term EPS growth forecast of 20.0%. Its operating margin is higher than the industry average. The stock has underperformed competitor VF Corp. (NYSE: <a class="ticker" href="/stock/vfc#NYSE">VFC</a>) and the broader markets over the past six months.

See also: <a href="http://www.benzinga.com/analyst-ratings/analyst-color/12/05/2606616/brean-murray-carret-co-true-religion-apparel-continues-t">True Religion Apparel Continues to Take Over the Premium Denim Market</a>

United Fire &amp; Casualty (NASDAQ: <a class="ticker" href="/stock/ufcs#NASDAQ">UFCS</a>) is about 22% higher than a month ago and trading near a 52-week high. Shares of this Cedar Rapids-based insurer surged after it also posted strong first-quarter results. It has a market cap of $535.9 million and a dividend yield of 2.8%. But its P/E and PEG ratios are higher than the industry average. Over the past six months, the stock has underperformed larger competitors AIG (NYSE: <a class="ticker" href="/stock/aig#NYSE">AIG</a>) and Travelers Companies (NYSE: <a class="ticker" href="/stock/trv#NYSE">TRV</a>).

<div id="action-items">ACTION ITEMS:

Bullish: Investors interested in exchange traded funds focused on the Nasdaq 100 might want to consider the following trades:

<ul><li>ProShares UltraPro QQQ (NASDAQ: <a class="ticker" href="/stock/tqqq#NASDAQ">TQQQ</a>) is up about 36% year to date.</li>
<li>ProShares Ultra QQQ (NYSE: <a class="ticker" href="/stock/qld#NYSE">QLD</a>) is up more than 23% year to date.</li>
<li>PowerShares QQQ (NASDAQ: <a class="ticker" href="/stock/qqq#NASDAQ">QQQ</a>) is up almost 12% year to date.</li>
</ul>Bearish: Traders may prefer to consider these alternative positions:

<ul><li>ProShares UltraPro Short QQQ (NASDAQ: <a class="ticker" href="/stock/sqqq#NASDAQ">SQQQ</a>) is about 21% higher in the past month.</li>
<li>ProShares UltraShort QQQ (NYSE: <a class="ticker" href="/stock/qid#NYSE">QID</a>) is almost 14% higher in the past month.</li>
<li>ProShares Short QQQ (NYSE: <a class="ticker" href="/stock/psq#NYSE">PSQ</a>) is more than 6% higher in the past month.</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.</div>

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PetSmart, True Religion and Other Top Nasdaq Performers in May

Shares of the following exchange traded funds focused on technology or the Nasdaq 100 are between 20% and 90% higher year to date and trading at or near their 52-week highs.

Direxion Daily Technology Bull 3X Shares (NYSE: <a class="ticker" href="/stock/tyh#NYSE">TYH</a>) is up about 82% year to date, including more than 15% higher in the past month. The fund usually creates long positions by investing at least 80% of its net assets in the equity securities that comprise the Russell 1000 Technology Index and/or financial instruments that provide leveraged and unleveraged exposure to the index. Top holdings include Apple (NASDAQ: <a class="ticker" href="/stock/aapl#NASDAQ">AAPL</a>) and IBM (NYSE: <a class="ticker" href="/stock/ibm#NYSE">IBM</a>).

Focus Morningstar Technology ETF (NYSE: <a class="ticker" href="/stock/ftq#NYSE">FTQ</a>) has risen almost 22% since the beginning of the year and reached an all-time high of $29.45 per share yesterday. The nondiversified fund normally invests at least 90% of total assets in the securities of the Morningstar Technology Index. The underlying index consists of companies engaged in the design, development and support of computer operating systems and applications.

iShares Dow Jones U.S. Technology (NYSE: <a class="ticker" href="/stock/iyw#NYSE">IYW</a>) is more than 22% higher than at the beginning of the year, as well as up more than 26% from six months ago. The nondiversified fund invests at least 90% of assets in securities of the Dow Jones U.S. Technology Index, which measures the performance of the technology sector of the U.S. equity market. Top holdings include Apple, Microsoft (NASDAQ: <a class="ticker" href="/stock/msft#NASDAQ">MSFT</a>), Intel (NASDAQ: <a class="ticker" href="/stock/intc#NASDAQ">INTC</a>) and Oracle (NASDAQ: <a class="ticker" href="/stock/orcl#NASDAQ">ORCL</a>).

See also: <a href="http://www.benzinga.com/trading-ideas/long-ideas/12/03/2452197/etfs-to-watch-march-29-2012-tbt-moo-fxp">ETFs to Watch March 29, 2012</a>

iShares S&amp;P Global Technology (NYSE: <a class="ticker" href="/stock/ixn#NYSE">IXN</a>) is up about 21% from the beginning of the year and reached a multiyear high yesterday. The nondiversified fund generally invests at least 90% of its assets in securities of the S&amp;P Global 1200 Information Technology Sector Index and in depositary receipts representing securities of the index. The index includes companies in the computer hardware and software, telecommunications equipment and microcomputer components industries.

ProShares Ultra QQQ (NYSE: <a class="ticker" href="/stock/qld#NYSE">QLD</a>) is almost 48% higher since the beginning of the year and reached an multiyear high yesterday. The investment seeks daily investment results that correspond to three times the daily performance of the underlying index. Assets of the fund not invested in equity securities or derivatives typically are held in money market instruments. Top holdings include Apple, Microsoft, Oracle and Cisco Systems (NASDAQ: <a class="ticker" href="/stock/csco#NASDAQ">CSCO</a>).

ProShares UltraPro QQQ (NASDAQ: <a class="ticker" href="/stock/tqqq#NASDAQ">TQQQ</a>) is up about 79% since the beginning of the year, and it also reached a multiyear high yesterday. The investment seeks daily investment results that correspond to three times the daily performance of the underlying index. Assets of the fund not invested in equity securities or derivatives typically are held in money market instruments. Top holdings include Apple, Microsoft, Google (NASDAQ: <a class="ticker" href="/stock/goog#NASDAQ">GOOG</a>) and Oracle.

See also: <a href="http://www.benzinga.com/trading-ideas/long-ideas/12/03/2447510/can-these-etfs-reclaim-their-52-week-highs-fez-tur-iai">Can These ETFs Reclaim Their 52-Week Highs?</a>

ProShares Ultra Technology (NYSE: <a class="ticker" href="/stock/rom#NYSE">ROM</a>) is more than 49% higher year to date, including up about 10% in the past month. The investment seeks daily investment results that correspond to twice the daily performance of the underlying index. Assets of this nondiversified fund not invested in equity securities or derivatives typically are held in money market instruments. Top holdings include Apple, IBM, Google and Intel.

RBS NASDAQ 100 Trendpilot ETN (NYSE: <a class="ticker" href="/stock/tndq#NYSE">TNDQ</a>) is more than 22% higher year to date and yesterday reached its high since it began trading late last year. The investment seeks to replicate the RBS NASDAQ-100 Trendpilot Index, which uses a systematic trend-following strategy to provide exposure to either the NASDAQ-100 index or the yield on a hypothetical notional investment in 3-month U.S. Treasury bills, depending on the relative performance of the index.

Vanguard Information Technology ETF (NYSE: <a class="ticker" href="/stock/vgt#NYSE">VGT</a>) is more than 21% higher since the beginning of the year but up less than 5% in the past month. The nondiversified fund employs a passive management, or indexing, investment approach designed to track the performance of the MSCI US Investable Market Index (IMI)/ Information Technology 25/50, an index made up of stocks of large, medium-size, and small U.S. companies within the information technology sector.

<div id="action-items">ACTION ITEMS:

Bullish: Investors may also want to consider the following trades: 

<ul><li>Direxion Daily Semiconductor Bull 3X Shares (NYSE: <a class="ticker" href="/stock/soxl#NYSE">SOXL</a>) is more than 67% higher year to date.</li>
<li>UBS E-TRACS 2x ISE Solid State Drive ETN (NYSE: <a class="ticker" href="/stock/ssdl#NYSE">SSDL</a>) is about 54% higher year to date.</li>
<li>UBS E-TRACS Monthly 2x ISE Cloud Computing (NYSE: <a class="ticker" href="/stock/lsky#NYSE">LSKY</a>) is almost 47% higher year to date.</li>
<li>ProShares Ultra Semiconductors (NYSE: <a class="ticker" href="/stock/usd#NYSE">USD</a>) is more than 32% higher year to date.</li>
</ul>Bearish: Traders may prefer to consider these alternative positions:

<ul><li>Direxion Daily Semiconductor Bear 3X Shares (NYSE: <a class="ticker" href="/stock/soxs#NYSE">SOXS</a>) is trading near the 52-week low.</li>
<li>ProShares Short QQQ (NYSE: <a class="ticker" href="/stock/psq#NYSE">PSQ</a>) is trading near the 52-week low.</li>
<li>ProShares UltraShort Technology (NYSE: <a class="ticker" href="/stock/rew#NYSE">REW</a>) is trading near the 52-week low.</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.</div>

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Nine Technology ETFs on a Roll (TYH, TQQQ, ROM)

Here's a quick look at some of the top performing Nasdaq stocks in February. These stocks all have a market cap of more than $500 million and they all pay a dividend.

Aixtron (NASDAQ: <a class="ticker" href="/stock/aixg#NASDAQ">AIXG</a>) is up about 29% year to date, including a 19% rise in the past month. This $1.7 billion market cap machinery maker is headquartered in Germany and was founded in 1983. It has a dividend yield of 5.1%, the long-term EPS growth forecast is 60.0% and the return on equity is 25.9%. The stock has narrowly outperformed competitors such as Rubicon Technology (NASDAQ: <a class="ticker" href="/stock/rbcn#NASDAQ">RBCN</a>) and Veeco Instruments (NASDAQ: <a class="ticker" href="/stock/veco#NASDAQ">VECO</a>) over the past six months.

Boston Private Financial Holdings (NASDAQ: <a class="ticker" href="/stock/bpfh#NASDAQ">BPFH</a>) is more than 20% higher than a month ago and hit a multiyear high yesterday. This small cap regional bank saw income from fees increase 12% last year. It is headquartered in Boston and caters to high net worth customers. Its dividend yield is 0.4% and its PEG ratio is less than the industry average. Over the past six months, the stock has outperformed competitors State Street (NYSE: <a class="ticker" href="/stock/stt#NYSE">STT</a>) and M&amp;T Bank (NYSE: <a class="ticker" href="/stock/mtb#NYSE">MTB</a>).

National CineMedia (NASDAQ: <a class="ticker" href="/stock/ncmi#NASDAQ">NCMI</a>) shares are trading more than 28% higher year to date but still down more than 10% from a year ago. The company operates a digital in-theatre marketing network in North America, and it posted better-than-expected revenues in the most recent quarterly report. The dividend yield is 5.5%. The stock has underperformed Clear Channel Outdoor Holdings (NYSE: <a class="ticker" href="/stock/cco#NYSE">CCO</a>) and Lamar Advertising (NASDAQ: <a class="ticker" href="/stock/lamr#NASDAQ">LAMR</a>) over the past six months.

See also: <a href="http://www.benzinga.com/analyst-ratings/analyst-color/12/02/2345829/update-piper-jaffray-upgrades-national-cinemedia-to-over">Piper Jaffray Upgrades National CineMedia to Overweight</a>

Nordson (NASDAQ: <a class="ticker" href="/stock/ndsn#NASDAQ">NDSN</a>) is almost 34% higher year to date, including up more than 20% in the past month. The Ohio-based equipment maker beat fiscal Q1 EPS expectations and offered a better-than-expected Q2 EPS outlook. It has a $3.6 billion market cap and a dividend yield of 0.9%. The long-term EPS growth forecast is 15.3% and the return on equity is 39.2%. The stock has outperformed the likes of Illinois Tool Works (NYSE: <a class="ticker" href="/stock/itw#NYSE">ITW</a>) and 3M (NYSE: <a class="ticker" href="/stock/mmm#NYSE">MMM</a>) over the past six months.

PF Chang's China Bistro (NASDAQ: <a class="ticker" href="/stock/pfcb#NASDAQ">PFCB</a>) is up about 25% year to date. The restaurant operator recently said it would take a majority stake in True Food Kitchen. PF Chang's is based in Scottsdale, Ariz., and has a market cap of $810.5 million. Its dividend yield is 2.9%, the long-term EPS growth forecast is 15.3% and short interest is 19.9% of the float. Year to date, the stock has outperformed competitors Benihana (NASDAQ: <a class="ticker" href="/stock/bnhn#NASDAQ">BNHN</a>) and Brinker International (NYSE: <a class="ticker" href="/stock/eat#NYSE">EAT</a>).

See also: <a href="http://www.benzinga.com/news/12/02/2353366/larry-ryback-appointed-chief-operating-officer-of-p-f-changs">Larry Ryback Appointed Chief Operating Officer of PF Chang's</a>

R.R. Donnelley &amp; Sons (NASDAQ: <a class="ticker" href="/stock/rrd#NASDAQ">RRD</a>) is almost 27% higher than a month ago, but that is a rebound from a plunge in January after the printing and packaging company offered lower-than-expected revenue guidance and declined to offer EPS guidance. The Chicago-based company has a dividend yield of 7.5%, but short interest is 26.0% of the float. The stock has underperformed the VistaPrint (NASDAQ: <a class="ticker" href="/stock/vprt#NASDAQ">VPRT</a>) but outperformed Quad/Graphics (NYSE: <a class="ticker" href="/stock/quad#NYSE">QUAD</a>) over the past six months.

See also: <a href="http://www.benzinga.com/news/12/02/2382821/rr-donnelley-announces-pricing-of-450-million-offering-of-its-8-250-notes-due-201">RR Donnelley Announces Pricing of $450 million Offering</a>

Seagate Technology (NASDAQ: <a class="ticker" href="/stock/stx#NASDAQ">STX</a>) is trading almost 62% higher than at the beginning of the year. Shares surged at the end of January when the hard drive maker said that its fiscal second-quarter net income more than tripled from a year earlier. The $11.8 billion market cap Irish company has a dividend yield of 3.8% and its return on equity is 29.3%. The stock has outperformed peers NetApp (NASDAQ: <a class="ticker" href="/stock/ntap#NASDAQ">NTAP</a>) and Western Digital (NYSE: <a class="ticker" href="/stock/wdc#NYSE">WDC</a>) over the past six months.

<div id="action-items">ACTION ITEMS:

Bullish: Investors interested in exchange traded funds focused on the Nasdaq 100 might want to consider the following trades:

<ul><li>ProShares UltraPro QQQ (NASDAQ: TQQQ) is up almost 52% year to date.</li>
<li>ProShares Ultra QQQ (NYSE: <a class="ticker" href="/stock/qld#NYSE">QLD</a>) is up more than 32% year to date.</li>
<li>PowerShares QQQ (NASDAQ: <a class="ticker" href="/stock/qqq#NASDAQ">QQQ</a>) is up more than 15% year to date.</li>
</ul>Bearish: Traders may prefer to consider these alternative positions:

<ul><li>ProShares Short QQQ (NYSE: <a class="ticker" href="/stock/psq#NYSE">PSQ</a>) is trading near the 52-week low.</li>
<li>ProShares UltraShort QQQ (NYSE: <a class="ticker" href="/stock/qid#NYSE">QID</a>) is trading near the 52-week low.</li>
<li>ProShares UltraPro Short QQQ (NASDAQ: <a class="ticker" href="/stock/sqqq#NASDAQ">SQQQ</a>) is trading near the 52-week low.</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.</div>

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Seagate, PF Chang's and Other Top Nasdaq Stocks in February

The reasons are plentiful regarding why investors and even active traders should <a href="http://www.benzinga.com/trading-ideas/long-ideas/12/02/2332700/yinn-to-my-yang-whats-up-with-leveraged-chinese-etfs">tread carefully with leveraged and inverse ETFs</a> but if today's market pullback sticks around for a while, the utility of these ETFs (when properly used) has the potential to shine.

Inverse ETFs are probably the best bet of the three primary ways most folks establish bearish stances. Shorting individual stocks can be costly due to the margin requirements. Buying put options is fine, but if a stock or index doesn't fall as much as you need it to before expiry, then the puts are worthless. 

In other words, inverse and leveraged ETFs aren't the devil of the financial world, as long as they are used as short-term trading instruments, not long-term investments. Consider the following inverse ETFs if today's glum market action is a sign of things to come.

Direxion Daily Latin America Bear 3X Shares (NYSE: <a class="ticker" href="/stock/lhb#NYSE">LHB</a>)
Latin American stocks and ETFs have been impressive to start the year. Brazil, Chile <a href="http://www.benzinga.com/trading-ideas/long-ideas/12/02/2333992/five-etfs-to-buy-on-a-pullback">Mexico and others have wiped 2011 from investors' memories. The good start to 2012 could make LatAm ETFs vulnerable to some near-term profit-taking. 

The Direxion Daily Latin America Bear 3X Shares is not for the faint of heart. No triple-leveraged ETF is, but with LHB trading for less than $12, it could prove to be a profitable hedge for a couple of days on existing positions in ETFs such as the iShares MSCI Brazil Index Fund (NYSE: </a><a class="ticker" href="/stock/ewz#NYSE">EWZ</a>) or the iShares MSCI Mexico Investable Market Index Fund (NYSE: <a class="ticker" href="/stock/eww#NYSE">EWW</a>).

FactorShares 2X: Gold Bull/S&amp;P500 Bear (NYSE: <a class="ticker" href="/stock/fsg#NYSE">FSG</a>)
FSG tracks the S&amp;P Gold - Equity Spread Total Return Index and generates returns by establishing a leveraged long position in Gold Futures and a leveraged short position in the E-mini S&amp;P 500 Stock Price Index, according to the FactorShares Web site. Translation: If stocks pullback and gold regains its safe-haven status, FSG becomes appealing.

ProShares UltraShort Basic Materials (NYSE: <a class="ticker" href="/stock/smn#NYSE">SMN</a>)
At the start of trading today, the Materials Select Sector SPDR (NYSE: <a class="ticker" href="/stock/xlb#NYSE">XLB</a>) was one of the best performers among the select sector SPDRs on a year-to-date basis and with a solid January run in the books, more gains could be on the way for XLB later this year. The big "but" is when the riskier assets retreat, materials stocks are almost always part of that equation. 

SMN is great short-term hedge on positions in ETFs such as XLB or the Market Vectors Coal ETF (NYSE: <a class="ticker" href="/stock/kol#NYSE">KOL</a>) or stocks such as Freeport McMoRan (NYSE: <a class="ticker" href="/stock/fcx#NYSE">FCX</a>).

Direxion Daily Small Cap Bear 3X Shares (NYSE: <a class="ticker" href="/stock/tza#NYSE">TZA</a>)
There was evidence of a January Effect, or small-cap leadership, and that encouraged an increase in risk appetite. That scenario may also make small-caps vulnerable on the downside and that validates TZA as an ETF worth TRADING. This is one of those ETFs that can have you thinking you've mastered the market one day and pulling your hair out the next day. In the span of about five weeks from September-October 2011, TZA went from $40 to over $60 and back down to $40 again. That's a warning label.

ProShares Short QQQ (NYSE: <a class="ticker" href="/stock/psq#NYSE">PSQ</a>)
With the Nasdaq flirting with levels not seen in over a decade that means the tech-heavy index could easily be fertile ground for some downside savagery. PSQ is not a leveraged fund, so if the PowerShares QQQ (Nasdaq: <a class="ticker" href="/stock/qqq#Nasdaq">QQQ</a>) loses 1% on a given day, PSQ will be higher by roughly the same amount. This one is useful for those looking to get their feet wet with inverse ETFs because it's fairly calm compared to the other members of this list.

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ProShares Short QQQ

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