Monday, September 22nd, 2014

Direxion Closing 5 ETFs and Charging Shareholders

By Ron Rowland
16:19 pm CDT

Earlier this month, Direxion announced plans to close and liquidate five of its inverse 3x ETFs. This Tuesday (9/23/14) will be the last day of listed trading, and liquidation will take place September 29. We advise shareholders to dispose of their holdings prior to the delisting because remaining shareholders will bear the cost of closing the funds according to Direxion.

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ETF Deathwatch for September 2014: 20% Are On The List | Thu, September 18th, 2014

Eighteen names were added to ETF Deathwatch for September, nine came off due to improved health, and four were removed because of closure. The net increase of five names pushes the count to 330 products, consisting of 227 ETFs and 103 ETNs. With 1,643 active listings at the end of August, that equates to one of every five (20%) products being on ETF Deathwatch.



How To Play Alibaba With ETFs – Don’t | Wed, September 17th, 2014

The best way to “play” a company is with dedicated securities. In other words, that company’s stock, options, and warrants provide much better vehicles than watered down ETFs with the majority of their assets in other companies. Do not use ETFs to play individual stocks.


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Updated every Monday by 12:00 pm Central Time – See list of applicable ETFs to trade.

 


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