Gambling ETF: Time to Take Chips Off the Table

Potentially making matters more troublesome for BJK is the fact that marquee U.S. gambling names, stellar performers in their own right for the bulk of this year, have shown signs of wilting in recent days. Over past week, shares of Las Vegas Sands (NYSE: LVS) have lost more than 4%. Rival Wynn Resorts (NasdaqGM: WYNN) is down more than 1%. MGM International (NYSE:MGM) is down 4.4%. That trio represents about 19% of BJK’s weight.

Market Vectors Gaming ETF

 

ETF Trends editorial team contributed to this piece.