Nine Technology ETFs on a Roll (TYH, TQQQ, ROM)

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Shares of the following exchange traded funds focused on technology or the Nasdaq 100 are between 20% and 90% higher year to date and trading at or near their 52-week highs.
Direxion Daily Technology Bull 3X SharesTYH
is up about 82% year to date, including more than 15% higher in the past month. The fund usually creates long positions by investing at least 80% of its net assets in the equity securities that comprise the Russell 1000 Technology Index and/or financial instruments that provide leveraged and unleveraged exposure to the index. Top holdings include Apple
AAPL
and IBM
IBM
.
Focus Morningstar Technology ETFFTQ
has risen almost 22% since the beginning of the year and reached an all-time high of $29.45 per share yesterday. The nondiversified fund normally invests at least 90% of total assets in the securities of the Morningstar Technology Index. The underlying index consists of companies engaged in the design, development and support of computer operating systems and applications.
iShares Dow Jones U.S. TechnologyIYW
is more than 22% higher than at the beginning of the year, as well as up more than 26% from six months ago. The nondiversified fund invests at least 90% of assets in securities of the Dow Jones U.S. Technology Index, which measures the performance of the technology sector of the U.S. equity market. Top holdings include Apple, Microsoft
MSFT
, Intel
INTC
and Oracle
ORCL
.
See also: ETFs to Watch March 29, 2012iShares S&P Global Technology
IXN
is up about 21% from the beginning of the year and reached a multiyear high yesterday. The nondiversified fund generally invests at least 90% of its assets in securities of the S&P Global 1200 Information Technology Sector Index and in depositary receipts representing securities of the index. The index includes companies in the computer hardware and software, telecommunications equipment and microcomputer components industries.
ProShares Ultra QQQQLD
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is almost 48% higher since the beginning of the year and reached an multiyear high yesterday. The investment seeks daily investment results that correspond to three times the daily performance of the underlying index. Assets of the fund not invested in equity securities or derivatives typically are held in money market instruments. Top holdings include Apple, Microsoft, Oracle and Cisco Systems
CSCO
.
ProShares UltraPro QQQTQQQ
is up about 79% since the beginning of the year, and it also reached a multiyear high yesterday. The investment seeks daily investment results that correspond to three times the daily performance of the underlying index. Assets of the fund not invested in equity securities or derivatives typically are held in money market instruments. Top holdings include Apple, Microsoft, Google
GOOG
and Oracle.
See also: Can These ETFs Reclaim Their 52-Week Highs?ProShares Ultra TechnologyROM
is more than 49% higher year to date, including up about 10% 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 equity securities or derivatives typically are held in money market instruments. Top holdings include Apple, IBM, Google and Intel.
RBS NASDAQ 100 Trendpilot ETNTNDQ
is more than 22% higher year to date and yesterday reached its high since it began trading late last year. The investment seeks to replicate the RBS NASDAQ-100 Trendpilot Index, which uses a systematic trend-following strategy to provide exposure to either the NASDAQ-100 index or the yield on a hypothetical notional investment in 3-month U.S. Treasury bills, depending on the relative performance of the index.
Vanguard Information Technology ETFVGT
is more than 21% higher since the beginning of the year but up less than 5% in the past month. The nondiversified fund employs a passive management, or indexing, investment approach designed to track the performance of the MSCI US Investable Market Index (IMI)/ Information Technology 25/50, an index made up of stocks of large, medium-size, and small U.S. companies within the information technology sector.
ACTION ITEMS: Bullish: Investors may also want to consider the following trades:
  • Direxion Daily Semiconductor Bull 3X Shares SOXL is more than 67% higher year to date.
  • UBS E-TRACS 2x ISE Solid State Drive ETN SSDL is about 54% higher year to date.
  • UBS E-TRACS Monthly 2x ISE Cloud Computing LSKY is almost 47% higher year to date.
  • ProShares Ultra Semiconductors USD is more than 32% higher year to date.
Bearish: Traders may prefer to consider these alternative positions:
  • Direxion Daily Semiconductor Bear 3X Shares SOXS is trading near the 52-week low.
  • ProShares Short QQQ PSQ is trading near the 52-week low.
  • ProShares UltraShort Technology REW is trading near the 52-week low.
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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