TradingMarkets 7 ETFs You Need to Know for Friday
Exchange-traded funds continue to be among the more popular asset classes for short term trading, hedging and long term investing. With a wide range of choices – from industry sectors, to national markets, to inverse funds that allow traders to both bet against certain markets as well as to hedge longer term positions, it is little surprise to see exchange-traded funds growing as a percentage of daily trading volumes.
Here are 7 ETFs You Need to Know for Friday.
Among the most widely traded exchange-traded funds is the SPDRS Select S&P 500 ETF, SPY
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If you think oil is not likely to remain below $50 a barrel, trading or investing in the ProShares Ultra Oil & Gas Index ETF, DIG
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Massive losses in the Dow Jones Industrial led to sizable gains in the ProShares UltraDow 30 exchange-traded fund, DXD
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Energy stocks were among those sectors pulling back dramatically on Thursday. The SPDRS Select Energy Sector EFT, XLE
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Traders looking to take advantage of the rally in the U.S. dollar without trading in the Forex market should look into the PowerShares DB Dollar Bull ETF, UUP
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Representative of the selling in emerging markets stocks Thursday’s decline in the iShares Brazil Index fund ETF, EWZ
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