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While XRT is sagging this year, IBUY is up more than 30%. Some other ETF issuers are considering ETFs that offer risk-tolerant traders new avenues to playing the slump in traditional retailers. ProShares, the largest issuer of inverse and leveraged ETFs, has filed plans for three ETFs that are aimed at the current lay of the land in the retail space.
“The ProShares UltraShort Bricks and Mortar Retail fund and ProShares UltraPro Short Bricks and Mortar Retail fund will seek to use derivatives to generate daily returns of two or three times the inverse of an index comprising the most at-risk U.S. retailers,” reports Bloomberg.
The Bloomberg article also notes that ProShares could introduce an ETF that holds long positions in e-commerce providers while also holding short positions in brick and mortar retailers.
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