New Bearish ETF Bets on Widely Observed Consumer Staples, Utilities Sectors

SPLZ tries to reflect the -1x or -100% daily performance of the Consumer Staples Select Sector Index, which includes companies engaged in food & staples retailing 23.0%, household products 19.7%, food products 18.6%, beverages 19.9%, tobacco 17.2% and personal products 1.5%. Top holdings include Procter & Gamble 12.4%, Coca-Cola 8.9%, Philip Morris International 7.8%, Altria Group 6.6% and Wal-Mart 5.7%.

The Consumer Staples Bear ETF may act as the simple inverse version for the popular Consumer Staples Select SPDR (NYSEArca: XLP), which tracks the same underlying index.

UTLZ tries to reflect the -1x or -100% daily performance of the Utilities Select Sector Index, which is comprised of electric utilities 61.9%, multi-utilities 34.1%, independent power producers & energy trades 1.9% and water utilities 2.1%. Top holdings include NextEra Energy 9.2%, Duke Energy 8.1%, The Southern Co. 7.9%, Dominion Resources 7.9% and Exelon Corp. 5.4%.

The Utilities Bear ETF may act as the simple inverse version of the Utilities Select Sector SPDR (NYSEArca: XLU), which tracks the same underlying index.

“Single inverse ETFs are trading tools that allow investors to either seek profit or seek to apply a hedge for an existing portfolio position that they anticipate will experience negative returns, in the short term,” according to Direxion.

For more information on new fund products, visit our new ETFs category.