Direxion, the popular provider of triple-leveraged exchange traded funds (ETFs) has unleashed four new ETFs on the market today that allow investors to take long and short positions on retail and natural gas.
The new funds, which are designed to give investors 200% plus or minus the return of its underlying index (not 300%) are:
- Direxion Daily Retail Bull 2x Shares (NYSEArca: RETL)
- Direxion Daily Natural Gas Related Bull 2x Shares (NYSEArca: FCGL)
- Direxion Daily Retail Bear 2x Shares (NYSEArca: RETS)
- Direxion Daily Natural Gas Related Bear 2x Shares (NYSEArca: FCGS)
Things have not been pretty in the consumer spending department lately. Retail sales dipped last month by 0.5%, making it the second straight month of declines. Most economists seem to agree that as long as joblessness remains high, consumer spending is unlikely to make a quick comeback. [6 ETFs for Rising Imports.]
Natural gas has seemed to have it tougher lately, thanks to increased production and a supply glut that even summer demand hasn’t been eating into. It may not remain this way for long, according to analysts: 64% predicted that futures would rise sooner rather than later. [Natural Gas ETFs Unfazed by the Summer Heat.]
For the latest on new ETFs, visit our new ETF category.
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.