Whichever side of the argument you’re finding yourself on, ProShares and Rydex both some new additions to their line of long/short ETFs to give you a chance to capitalize. Already offered are the ProShares UltraShort Oil & Gas (DUG), as well as the UltraShort Financials (SKF).
To give investors more choices and ways to hedge volatility in both of these sectors, the new members of the lineup are:
- ProShares Short Oil & Gas (DDG)
- ProShares Ultra Oil & Gas (DIG)
- Rydex 2x S&P Select Sector Energy (REA)
- Rydex Inverse 2x S&P Select Sector Energy (REC)
- Rydex Inverse 2x S&P Select Sector Financial (RFN)
- Rydex 2x S&P Select Sector Financial (RFL)
- ProShares Short Financials (SEF)
- ProShare Ultra Financials (UYG)
In addition to the energy and financial ETFs, Rydex also launched long/short health care and technology ETFs:
- Rydex 2x S&P Select Sector Health Care (RHM)
- Rydex 2x S&P Select Sector Technology (RTG)
- Rydex Inverse 2x S&P Select Sector Health Care (RHO)
- Rydex Inverse 2x S&P Select Sector Technology (RTW)
Read the disclaimer, as Tom Lydon is a board member of Rydex Funds.