We note a surge in bearish options flows in internationally based exchange traded funds Monday amidst the broad based equities market decline, which presents an excellent opportunity to delve into a number of leveraged/inverse ETFs from Direxion in the international equity space.
Direxion Daily Emerging Markets Bear 3X (NYSEArca: EDZ) is calibrated to deliver 3 times the daily inverse returns of the MSCI Emerging Markets Index.
Direxion Daily China Bear 3X (NYSEArca: YANG) is tied to the BNY China Select ADR Index, also delivering 3 times the daily inverse returns of that index.
Direxion Daily India Bear 2X (NYSEArca: INDZ) gives the investor exposure to 2 times the daily inverse returns of the Indus India Index, which is made up of 50 listed Indian equities.
Direxion Daily Latin America Bear 3X (NYSEArca: LHB) is tied to the S&P Latin America 40 Index, again delivering 3 times the daily inverse returns.
Direxion Daily BRIC Bear 2X (NYSEArca: BRIS) tracks the BNY Mellon BRIC (Brazil, Russia, India, China) Select ADR Index on a 2 times leveraged daily inverse basis.