Market Overview

Nine ETFs on a Roll (DOIL, DEE, EWV, AGA)

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Shares of the following exchange traded funds are more than 15% higher than 90 days ago and trading within 10% of their 52-week highs.

PowerShares Deutsche Bank Agriculture Double Short ETN (NYSE: AGA) is trading near the 52-week high and is about 23% higher than at the beginning of the year. The investment seeks to replicate the price and yield performance of the Deutsche Bank Liquid Commodity index -- Optimum Yield Agriculture, which is composed of roughly equal percentages of corn, wheat, soybean and sugar futures contracts. The fund is a senior unsecured obligation.

PowerShares Deutsche Bank Commodity Double Short ETN (NYSE: DEE) is almost 30% higher year to date, as well as up about 18% in the past month. The investment seeks to replicate twice the inverse of the Deutsche Bank Liquid Commodity Total Return index, which is intended to reflect changes in the market value of certain commodity futures contracts based on crude oil, heating oil, corn, wheat, gold and aluminum.

PowerShares Deutsche Bank Commodity Short ETN (NYSE: DDP) is trading more than 16% higher than three months ago, despite pulling back about 3% in the past week. The investment seeks to replicate the inverse of the Deutsche Bank Liquid Commodity Total Return index, which is intended to reflect changes in the market value of certain commodity futures contracts based on crude oil, heating oil, corn, wheat, gold and aluminum.

See also: Top 10 European Regional ETFs

ProShares UltraShort Dow Jones-UBS Commodity (NYSE: CMD) is up more than 17% since the beginning of the year, including more than 11% in the past month. The investment seeks to provide daily investment results that correspond to twice the inverse of the daily performance of the Dow Jones-UBS Commodity Index. The fund invests in any one of or combinations of financial instruments such as swap agreements, futures contracts, forward contracts and option contracts.

ProShares UltraShort MSCI Japan (NYSE: EWV) is up almost 26% in the past quarter, including more than 11% higher in the past month. The share price is more than 9% below the 52-week high. The nondiversified fund invests in derivatives that should have similar daily return characteristics as twice the inverse of the daily return of the underlying index. Assets of the fund not invested in derivatives typically are held in money market instruments.

ProShares Ultra 20+ Year Treasury (NYSE: UBT) has pulled back about 9% from a recent 52-week high. The share price is more than 70% higher than a year ago, including up more than 12% in the past month. The investment seeks daily investment results that correspond to twice the daily performance of the underlying index. Assets of this nondiversified fund not invested in U.S. government securities or derivatives typically are held in money market instruments.

See also: Exchange Traded Concepts to Launch Oil Sands ETF

UBS E-TRACS Fisher-Gartman Risk Off ETN (NYSE: OFF) has pulled back about 7% from a recent high but is still more than 21% higher than 90 days ago. The investment seeks to replicate the inverse of the Fisher-Gartman Risk Index, which consists of a mix of long and short positions in various asset classes whose overall value is expected to rise when the outlook on markets and the broader economy is positive and to decrease when such outlook is negative.

VelocityShares 3x Inverse Crude ETN (NYSE: DWTI) is more than 67% higher than when it began trading in February, but also down more than 6% from a recent high. The investment seeks to replicate three times the inverse of the S&P GSCI Crude Oil Index ER, which comprises futures contracts on a single commodity and is calculated according to the methodology of the S&P GSCI Index. It was one of four bull-and-bear pairs of leveraged ETNs launched by VelocityShares in February.

VelocityShares 3x Inverse Brent Crude ETN (NYSE: DOIL) is more than 54% higher than when it began trading in February, as well as trading near its high. The investment seeks to replicate three times the inverse of the S&P GSCI Brent Crude Index ER, which comprises futures contracts on a single commodity and is calculated according to the methodology of the S&P GSCI Index. It was one of four bull-and-bear pairs of leveraged ETNs launched by VelocityShares in February.

See also: India: One Foot out the Door of the BRICS House?

ACTION ITEMS:

Bullish: Investors may also want to consider the following trades:

  • Direxion Daily Russia Bear 3X Shares (NYSE: RUSS) is more than 95% higher than 90 days ago.
  • Direxion Daily BRIC Bear 3X Shares (NYSE: BRIS) is more than 73% higher than 90 days ago.
  • Direxion Daily Natural Gas Related Bear 3X Shares (NYSE: GASX) is more than 70% higher than 90 days ago.
Bearish:

Traders may prefer to consider these alternative positions in dividend-paying stocks:

  • Expedia (NASDAQ: EXPE) is up about 50% in the past 90 days.
  • Intercontinental Hotels (NYSE: IHG) is up about 35% in the past 90 days.
  • Spreadtrum Communications (NASDAQ: SPRD) is up more than 29% in the past 90 days.
Neither Benzinga nor its staff recommend that you buy, sell, or hold any security. We do not offer investment advice, personalized or otherwise. Benzinga recommends that you conduct your own due diligence and consult a certified financial professional for personalized advice about your financial situation.

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