에 대한 최신 뉴스 ProShares Ultra QQQ (ARCA:QLD)

ProShares Ultra QQQ

Technology

Consumer Cyclical

Communication Services

Healthcare

Consumer Defensive

Industrials

Basic Materials

Energy

Utilities

Other

Real Estate

Financial Services

The Fund invests in financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the Daily Target. The Index is designed to measure the performance of 100 of the largest Nasdaq-listed non-financial companies. The Index includes non-financial companies listed on the Nasdaq Global Select Market or the Nasdaq Global Market (which include both U.S. and non-U.S. companies). The top 100 companies based on market capitalization are included in the Index. These companies are then weighted based on market capitalization. The Indexs composition and the assigned weights are reevaluated every December, with additional weight adjustments occurring in March, June, and September.

fed-chart-ai

Macro Economic Events

Sector ETFs

Bonds

Broad U.S. Equity ETFs

Econ #s

Economics

Federal Reserve

Tech

ETFs

SPLG

SPYV

TQQQ

VCIT

연방준비제도(연준)는 다가오는 연방공개시장위원회(FOMC) 회의에서 금리를 인하할 것으로 예상되며, 그 결정은 수요일 동부 표준시 오후 2시에 발표될 예정이다.

연준의 금리 인하 결정이 내려지기 전에 투자자들이 비밀리에 매수한 10가지 ETF

The Federal Reserve is widely anticipated to cut interest rates at its upcoming Federal Open Market Committee meeting, with the decision set for release on Wednesday <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40878710/investors-bet-on-50-basis-point-rate-cut-wall-street-analysts-urge-caution-this-is-">at 2 p.m. ET.</a>
The central bank has maintained the federal funds rate at 5.25%-5.5% since September 2023 and this week&#8217;s rate reduction would be the first since March 2020, signaling a marked shift from the restrictive monetary policy stance implemented to combat soaring inflation.
<h3 class="wp-block-heading">Rate Cut Expectations: Will The Fed Opt For 25 Or 50 Basis Points?</h3>
The key question on everyone&#8217;s mind is the magnitude of the rate cut. Will the Fed opt for a cautious 25-basis-point reduction, or will it make a bolder move with a 50-basis-point cut, as seen at the start of previous rate-cutting cycles?
Market sentiment currently differs from Wall Street economist consensus. Traders are pricing in a 63% probability of a 50-basis-point cut, as per the CME FedWatch tool.
Among Wall Street analysts, instead, there is an overwhelming consensus on a more conservative 25-basis-point reduction, but JPMorgan Chase &amp; Co. stands out as the notable exception, forecasting a 50-basis-point cut.
According to the biggest U.S. bank, interest rates are about 150 basis points above neutral levels. Therefore, a 25-basis-point cut per meeting would take almost a year to align the policy back to a neutral stance. 
This strengthens the case for frontloading rate cuts at the start of the cycle, particularly given that, in hindsight, a July commencement might have been more appropriate.
Regardless of whether the Fed chooses a 25 or 50-basis-point reduction, analysts expect a series of cuts to continue through 2024 and 2025.
<h3 class="wp-block-heading">Investor Moves Ahead of the Rate Cut: Top 10 ETFs Investors Bought Last Week</h3>
In the week leading up to this highly anticipated rate cut, investors reshuffled their portfolios, resulting in significant inflows into various exchange-traded funds (ETFs) that may indicate a strategic tilt toward assets poised to benefit from a lower interest rate environment.
To identify these trends, Benzinga analyzed data from VettaFi&#8217;s etfdb.com, and found that investors displayed a strong preference for value-oriented ETFs. 
Notable among these were the iShares MSCI EAFE Value ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EFV#NYSE">EFV</a>) and SPDR Portfolio S&amp;P 500 Value ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPYV#NYSE">SPYV</a>), signaling a tilt towards assets that may offer stability and a defensive hedge as the macro regime shifts.
As a traditional beneficiary of lower interest rates, gold has also been on investors&#8217; radar, with prices repeatedly hitting record highs over the last week, supported by strong inflows into the SPDR Gold Shares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>). 
Also worth noting is the interest in the tech sector, particularly semiconductors, with the VanEck Semiconductor ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMH#NYSE">SMH</a>) seeing substantial inflows.
Additionally, investors pursued speculative and leveraged strategies on the Nasdaq 100, likely interpreted as a bet to the rising chance of a larger 50-basis-point cut. 
Investors bought into both ProShares Ultra QQQ (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QLD#NYSE">QLD</a>), which aims to deliver twice the daily performance of the Nasdaq 100, and the ProShares UltraPro QQQ (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TQQQ#NYSE">TQQQ</a>), which targets three times the daily performance of the index.
Rounding out the list, the popular small-cap fund iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) attracted over half a billion dollars in inflows last week, signaling investors&#8217; growing interest in smaller, domestically-focused companies as they are poised to benefit from declining borrowing costs.
<figure class="wp-block-table is-style-stripes"> 
<table>
<thead>
<tr>
<th>ETF Name</th>
<th>1 Week Inflows ($MM)</th>
</tr>
</thead>
<tbody>
<tr>
<td>iShares MSCI EAFE Value ETF</td>
<td>$1,135.48</td>
</tr>
<tr>
<td>SPDR Portfolio S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPLG#NYSE">SPLG</a>)</td>
<td>$820.85</td>
</tr>
<tr>
<td>Vanguard Intermediate-Term Corporate Bond ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VCIT#NYSE">VCIT</a>)</td>
<td>$818.30</td>
</tr>
<tr>
<td>SPDR Portfolio S&amp;P 500 Value ETF</td>
<td>$775.06</td>
</tr>
<tr>
<td>VanEck Semiconductor ETF</td>
<td>$717.11</td>
</tr>
<tr>
<td>Vanguard S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VOO#NYSE">VOO</a>)</td>
<td>$698.27</td>
</tr>
<tr>
<td>SPDR Gold Shares</td>
<td>$648.41</td>
</tr>
<tr>
<td>ProShares Ultra QQQ</td>
<td>$646.66</td>
</tr>
<tr>
<td>ProShares UltraPro QQQ</td>
<td>$560.15</td>
</tr>
<tr>
<td>iShares Russell 2000 ETF </td>
<td>$552.24</td>
</tr>
</tbody>
</table>
</figure>
Read now: 
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40903154/13-etfs-to-own-as-fed-set-to-cut-rates-analysts-highlight-utilities-real-estate-and">13 ETFs To Own As Fed Set To Cut Rates: Analysts Highlight Utilities, Real Estate, And More</a></li>
</ul>
Image created using artificial intelligence via Midjourney.

10 ETFs Investors Secretly Bought Before The Fed's Make-Or-Break Interest Rate Call

The S&amp;P 500 is up 10 percent this year and with the benefit of 1.4 percent gain over the past week, the benchmark U.S. equity index continues pushing to record highs.
Sounds like a recipe for trouble for traders that have been long inverse or, worse yet, inverse leveraged exchange traded funds that profit from declines in U.S. stocks.
Rising U.S. stocks are chasing traders from bearish products such as the ProShares UltraShort S&amp;P500 (NYSE: <a class="ticker" href="/stock/sds#NYSE">SDS</a>). SDS, one of the largest inverse ETFs trading in the U.S., attempts to deliver double the daily inverse performance of the S&amp;P 500. So if the S&amp;P 500 falls by 1 percent on a given day, SDS should rise by 2 percent.
&ldquo;We have seen some substantial redemption flows lately in a levered Bear fund that we have profiled here from time to time known as SDDs, where over $1 billion has left the fund,&rdquo; said <a href="http://streetonefinancial.com/">Street One Financial</a> Vice President Paul Weisbruch in a note out Tuesday. &ldquo;This move comes as the SPX itself has been trading if not threatening new all-time highs lately. &ldquo;SPX reached 2463.54 reached on an intraday basis last Friday before some regression back to present levels in stocks. This could be profit-taking in the fund, and someone expressing a view that perhaps being short here has little upside going into core earnings season.&rdquo;
<h3>
	Where Money Is Flowing</h3>
With the Nasdaq Composite continue to ascend to record highs, it stands to reason that investors would be attracted to the related ETFs. As Weisbruch points out, the PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ: <a class="ticker" href="/stock/qqq#NASDAQ">QQQ</a>) has recently been hauling in new money in a big way.
To be precise, QQQ, which tracks the Nasdaq-100 Index, has added more than $3.3 billion in new assets over just the past week, <a href="https://www.invesco.com/portal/site/us/financial-professional/etfs/tools/flow-trend-tracker">according to issuer data</a>.
With QQQ ringing up new highs, active traders have been putting new money to work with the ProShares Ultra QQQ (ETF) (NYSE: <a class="ticker" href="/stock/qld#NYSE">QLD</a>). QLD is designed to deliver double the daily returns of the Nasdaq-100 Index.
<h3>
	Earnings Impact</h3>
QQQ has been boosted by big-name earnings reports, such as Monday&#39;s report from Netflix, Inc. (NASDAQ: <a class="ticker" href="/stock/nflx#NASDAQ">NFLX</a>), but the ETF allocates about 80 percent of its combined weight to the technology and consumer discretionary stocks, so as more marquee names from those sectors step into the earnings confessional, QQQ could rise some more.
Related Stories:
<a href="https://www.benzinga.com/news/earnings/17/07/9776823/tech-etfs-are-still-tempting">Tech ETFs Still Tempt</a>
<a href="https://www.benzinga.com/trading-ideas/long-ideas/17/07/9766256/an-etf-for-the-fang-group-arrives">A FANG ETF Arrives</a>
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Long Ideas

Short Ideas

Specialty ETFs

Trading Ideas

NFLX

Traders Bail On This Leveraged ETF As Earnings Roll In

BETHESDA, Md.--(BUSINESS WIRE)-- <a href="http://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.proshares.com&amp;esheet=51579288&amp;newsitemid=20170627006181&amp;lan=en-US&amp;anchor=ProShares&amp;index=1&amp;md5=153da40af40408a86a4261b55a25a461">ProShares</a>, a premier provider of ETFs, announced today forward and reverse share splits on 10 of its ETFs. The splits will not change the total value of a shareholder&#39;s investment. Forward Splits Seven ETFs will forward split shares 2-for-1: &nbsp;&nbsp; Ticker&nbsp;ProShares ETF&nbsp;Split Ratio QLD&nbsp;<a href="http://www.proshares.com/funds/qld.html">Ultra QQQ</a>&nbsp;2:1 UDOW&nbsp;<a href="http://www.proshares.com/funds/udow.html">UltraPro Dow30</a>&nbsp;2:1 UWM&nbsp;<a href="http://www.proshares.com/funds/uwm.html">Ultra Russell2000</a>&nbsp;2:1 URE&nbsp;<a href="http://www.proshares.com/funds/ure.html">Ultra Real Estate</a>&nbsp;2:1 URTY&nbsp;<a href="http://www.proshares.com/funds/urty.html">UltraPro Russell2000</a>&nbsp;2:1 ROM&nbsp;<a href="http://www.proshares.com/funds/rom.html">Ultra Technology</a>&nbsp;2:1 SVXY&nbsp;<a href="http://www.proshares.com/funds/svxy.html">Short VIX Short-Term Futures ETF</a>&nbsp;2:1 &nbsp; All forward splits will apply to shareholders of record as of the close of the markets on July 12, 2017, payable after the close of the markets on July 14, 2017. The funds will trade at their post-split prices on July 17, 2017. The ticker symbols and CUSIP numbers for the funds will not change. The forward splits will decrease the price per share of each fund with a proportionate increase in the number of shares outstanding. For example, for the 2-for-1 splits, every pre-split share will result in the receipt of two post-split shares, which will be priced at one-half the net asset value (&ldquo;NAV&rdquo;) of a pre-split share. Illustration of a Forward Split The following table shows the effect of a hypothetical 2-for-1 split: &nbsp;&nbsp;&nbsp; Period&nbsp;# of Shares Owned&nbsp;Hypothetical NAV&nbsp;Value of Shares Pre-Split&nbsp;100&nbsp;$100.00&nbsp;$10,000.00 Post-Split&nbsp;200&nbsp;$50.00&nbsp;$10,000.00 &nbsp; Reverse Splits Three ETFs will reverse split shares at the following split ratios: &nbsp;&nbsp;&nbsp;&nbsp; Ticker&nbsp;ProShares ETF&nbsp;Split Ratio&nbsp;Old CUSIP&nbsp;New CUSIP SDS&nbsp;<a href="http://www.proshares.com/funds/sds.html">UltraShort S&amp;P500</a>&nbsp;1:4&nbsp;74347B300&nbsp;74347B383 VIXY&nbsp;<a href="http://www.proshares.com/funds/vixy.html">VIX Short-Term Futures ETF</a>&nbsp;1:4&nbsp;74347W262&nbsp;74347W171 UVXY&nbsp;<a href="http://www.proshares.com/funds/uvxy.html">Ultra VIX Short-Term Futures ETF</a>&nbsp;1:4&nbsp;74347W239&nbsp;74347W163 &nbsp; All reverse splits will be effective at the market open on July 17, 2017, when the funds will begin trading at their post-split price. The ticker symbol for the funds will not change. All funds undergoing a reverse split will be issued a new CUSIP number, listed above. The reverse splits will increase the price per share of each fund with a proportionate decrease in the number of shares outstanding. For example, for a 1-for-4 reverse split, every four pre-split shares will result in the receipt of one post-split share, which will be priced four times higher than the NAV of a pre-split share. Illustration of a Reverse Split The following table shows the effect of a hypothetical 1-for-4 reverse split: &nbsp;&nbsp;&nbsp; Period&nbsp;# of Shares Owned&nbsp;Hypothetical NAV&nbsp;Value of Shares Pre-Split&nbsp;1,000&nbsp;$10.00&nbsp;$10,000.00 Post-Split&nbsp;250&nbsp;$40.00&nbsp;$10,000.00 &nbsp; Fractional Shares from Reverse Splits For shareholders who hold quantities of shares that are not an exact multiple of the reverse split ratio (for example, not a multiple of 4 for a 1-to-4 reverse split), the reverse split will result in the creation of a fractional share. Post-reverse split fractional shares will be redeemed for cash and sent to your broker of record. This redemption may cause some shareholders to realize gains or losses, which could be a taxable event for those shareholders.

News

Stock Split

SVXY

UDOW

URTY

ProShares Announces Several ETF Share Splits

Last week was very busy and this week the stock market has started off with a degree of concern.

	However, the selling pressure that we saw on Monday was much different than the selling pressure that we saw last week, so let&#39;s talk about why.

	I have been very vocal about my belief that the probability of a market crash in 2016 is high.&nbsp; My focus is on liquidity using simple supply and demand models as that relates to societal norms and lifetime investment patterns as those are defined by my macroeconomic work, <a href="https://members.stocktradersdaily.com/public.php/freetrial/10day/code/benz">The Investment Rate</a>, but I also have taken that further by integrating immediate liquidity concerns as those relate directly to margin debt.

	Although we can never be sure until months later, because the data is usually significantly delayed, something appeared quite obvious during last week&#39;s decline.&nbsp; In the middle of last week it seemed as if investors were selling first and thinking later, and the selling was broad based.

	My interpretation of that selling pressure is that it could be simply due to institutional investors reducing their exposure by lowering their margin debt.&nbsp; Late last year the net cash to margin debt ratio on the New York Stock Exchange reached an all time low, which means that institutional investors had less cash available as a percentage of margin debt and therefore less of an ability to assume additional debt to buy equities on a percentage basis than they have ever had before.

	Another way of looking at that is that they were essentially all in.

	<img alt="" src="/files/u97165/cash_-_margin_debt.png" style="width: 620px; height: 335px;" />

	One could argue that they were paying close attention to the &#39;market&#39;s almanac last year,&#39; because the &#39;almanac&#39; would support the historical fact that the market had never been down during the third year of a second presidential term and it was mostly strong during the third year of a first cycle presidential term as well, so using history as a tell, it may have helped investors rationalize going all in during last year&#39;s periodic declines.

	However, the weakness at the end of the year put all that into question, and arguably the selling pressure that started at the beginning of the year had plenty to do with an unwinding of margin debt, at least to a certain extent most likely, but that may have come to a head last week.

	In my point of view the unabated selling pressure that happened last week was a sign that institutional investors just decided to get out and reduce that margin debt exposure.&nbsp; They did it in a broad based manner, from what I observed, but we cannot be sure about the changes in net margin debt exposure on the New York Stock Exchange until the data is officially updated, and it won&#39;t be official for a while.

	This is where the comparison between what happened last week and the selling pressure that I am seeing on Monday comes into play.&nbsp; The selling pressure that is happening on Monday is much different than what we saw last week.&nbsp; Instead of being an unabated desire to sell to generate liquidity and reduce margin debt, the selling pressure today is much more controlled and normal given the sharp spike that happened from the oversold condition that existed in the middle of last week. &nbsp;

	The market surged from the middle of last week until the end of the week if you include its intraday lows especially, so a modest pullback like what we were seeing on Monday is not abnormal.

	My opinions last week also suggested that a series of backing and filling would be extremely healthy for this market on a near term basis, and that is exactly what may be happening at this time.&nbsp; The pullback on Monday may absolutely be part of the backing and filling process.

	Certainly, when our eyeballs reach beyond the past few days and extend to the beginning of the year again we can see that the market is still much lower than it was and therefore many investors can rationalize that the market also has some additional upside.

	Our Sentiment Table Strategy would suggest exactly that, and so would our Swing Trading Strategy.&nbsp; Both of these were double long the NASDAQ using ProShares Ultra QQQ (ETF) (NYSEARCA:QLD) when I wrote this based on the oversold conditions that triggered last week.

	<a href="https://members.stocktradersdaily.com/public.php/freetrial/10day/code/benz">Stock Traders Daily</a> is an independent provider of market analysis and a developer of investment strategies designed to be capable of working in any market environment, but investing n the stock market involves a high degree of risk and the risk of loss is real.&nbsp; Investors should consult with their personal financial advisors before making any decisions to invest.

Technicals

This Monday Was A More Rational Market

Here is the ETF Professor's ETF Watch List for Tuesday January 22, 2013.

The Global X Silver Miners ETF (NYSE: <a class="ticker" href="/stock/sil#NYSE">SIL</a>) is worth a look.

Dividend play: Vanguard High Dividend Yield Index ETF (NYSE: <a class="ticker" href="/stock/vym#NYSE">VYM</a>).

Keep an eye on the ProShares Ultra QQQ (NYSE: <a class="ticker" href="/stock/qld#NYSE">QLD</a>).

Emerging markets plays of the day: Market Vectors Russia ETF (NYSE: <a class="ticker" href="/stock/rsx#NYSE">RSX</a>), WisdomTree Emerging Markets SmallCap Dividend ETF (NYSE: <a class="ticker" href="/stock/dgs#NYSE">DGS</a>) and the WisdomTree India Earnings ETF (NYSE: <a class="ticker" href="/stock/epi#NYSE">EPI</a>).

Forex play of the day: CurrencyShares Japanese Yen Trust (NYSE: <a class="ticker" href="/stock/fxy#NYSE">FXY</a>).

Bond play of the day: Market Vectors EM Local Currency Bond ETF (NYSE: <a class="ticker" href="/stock/emlc#NYSE">EMLC</a>).

New ETFs

Emerging Market ETFs

Currency ETFs

Pre-Market Outlook

Markets

Wisdomtree Emerging Markets Smallcap Dividend Fund

Market Vectors Emerging Markets Local Currency Bond ETF

EMLC

Market Vectors Russia ETF Trust Shares of Beneficial Interest

ETFs to Watch January 22, 2013 (EPI, FXY, QLD)

ProShares, the largest issuers of inverse and leveraged ETFs, will list its newest ETF, the ProShares Merger ETF, on the BATS exchange when the ETF debuts on Thursday, December 13. The ProShares Merger ETF will trade on BATS under the ticker "MRGR."

MRGR, which appears to be a competitor to the IndexIQ Merger Arbitrage ETF (NYSE: <a class="ticker" href="/stock/mna#NYSE">MNA</a>), will be part of the BATS competitive liquidity program, <a href="http://www.tradersmagazine.com/news/bats-lists-proshares-etfs-110615-1.html">according to Traders Magazine</a>.

In November 2011, BATS sought comments from the Securities and Exchange Commission on the possibility of listing three managed futures ETFs sponsored by ProShares, <a href="http://www.forbes.com/sites/ariweinberg/2012/11/26/proshares-considers-listing-products-with-bats/">Forbes reported</a>. ProShares is known primarily for its so-called "geared" ETFs such as the ProShares UltraShort FTSE China 25 (NYSE: <a class="ticker" href="/stock/fxp#NYSE">FXP</a>) and the ProShares Ultra QQQ (NYSE: <a class="ticker" href="/stock/qld#NYSE">QLD</a>). To this point, the firm's success with traditional ETFs has been limited.

Still, the listing of a the new ProShares fund on its exchange could be seen as a coup for BATS <a href="http://www.benzinga.com/trading-ideas/long-ideas/12/03/2445345/bats-rough-start-not-effecting-its-etfs-bats-enor-eden">following its bungled IPO attempt earlier this year</a>. The exchange told Traders Magazine is eying additional listings of ProShares ETFs in 2013.

BATS Exchange is already home to 16 iShares ETFs. The world's largest ETF sponsor was the first to list funds on BATS with the iShares MSCI Norway Capped Investable Market Index Fund (BATS: ENOR) being the first. 

Other iShares offering listed on BATS include the iShares MSCI Denmark Capped Investable Market Index Fund (BATS: EDEN), the Shares MSCI Canada Small Cap Index Fund (BATS: EWCS) and the iShares MSCI India Small Cap Index Fund (BATS: SMIN)

For more on ETFs, click <a href="http://www.benzinga.com/etfs">here</a>.

Intraday Update

ProShares to List Merger ETF on BATS Exchange

Here is the ETF Professor's ETF Watch List for Friday November 23, 2012.

Black Friday play: Market Vectors Retail ETF (NYSE: <a class="ticker" href="/stock/rth#NYSE">RTH</a>).

Prepare for a market rally with the ProShares Ultra QQQ (NYSE: <a class="ticker" href="/stock/qld#NYSE">QLD</a>).

The PowerShares DB Commodity Index Tracking Fund (NYSE: <a class="ticker" href="/stock/dbc#NYSE">DBC</a>) will be worth a look.

Emerging markets plays of the day: ProShares UltraShort Brazil (NYSE: <a class="ticker" href="/stock/bzq#NYSE">BZQ</a>), iShares MSCI Taiwan Index Fund (NYSE: <a class="ticker" href="/stock/ewt#NYSE">EWT</a>) and the Market Vectors Indonesia ETF (NYSE: <a class="ticker" href="/stock/idx#NYSE">IDX</a>).

Forex play of the day: CurrencyShares Euro Trust (NYSE: <a class="ticker" href="/stock/fxe#NYSE">FXE</a>).

Bond play of the day: ProShares UltraShort 20+ Year Treasury (NYSE: <a class="ticker" href="/stock/tbt#NYSE">TBT</a>).

PowerShares DBmmodity Index Optimum Yield Diversified Fund

Merrill Lynch Retail HOLDRS Trust due 12/31/41

ProShares UltraShort Lehman 20+ Year Treasury

ETFs to Watch November 23, 2012 (DBC, FXE, RTH)

Here is the ETF Professor's ETF Watch List for Monday November 19, 2012.

The Direxion Daily Gold Miners Bull 3X Shares (NYSE: <a class="ticker" href="/stock/nugt#NYSE">NUGT</a>) will definitely be one to watch.

Keep an eye on the Vanguard High Dividend Yield Index ETF (NYSE: <a class="ticker" href="/stock/vym#NYSE">VYM</a>).

The ProShares Ultra QQQ (NYSE: <a class="ticker" href="/stock/qld#NYSE">QLD</a>) could be poised to bounce.

Emerging markets plays of the day: Market Vectors Egypt ETF (NYSE: <a class="ticker" href="/stock/egpt#NYSE">EGPT</a>), PowerShares MENA Frontier Countries (NASDAQ: <a class="ticker" href="/stock/pmna#NASDAQ">PMNA</a>) and the iShares MSCI Chile Investable Market Index Fund (NYSE: <a class="ticker" href="/stock/ech#NYSE">ECH</a>).

Forex play of the day: CurrencyShares Australian Dollar Trust (NYSE: <a class="ticker" href="/stock/fxa#NYSE">FXA</a>).

Bond play of the day: iShares JPMorgan USD Emerging Markets Bond ETF (NYSE: <a class="ticker" href="/stock/emb#NYSE">EMB</a>).

EGPT

iShares JPMorgan USD Emerging Markets Bond Fund

NUGT

Powershares MENA Frontieruntries Portfolio

PMNA

ETFs to Watch for November 19, 2012 

Apple (NASDAQ: <a class="ticker" href="/stock/aapl#NASDAQ">AAPL</a>) is widely expected to unveil its new iPhone 5 Wednesday in San Francisco. Rumored features include a thinner body, longer touch screen, better resolution, better camera, faster processor, longer battery life, 4G LTE support and a mobile payment component. Sales of the next-generation smartphone are expected to break records, with some wild estimates as high as 10 million units snapped up in the first few weeks. Some claims even have iPhone sales single-handedly propping up the slumping U.S. gross domestic product. 

For the small investor or the bargain hunter, Apple's $660-plus per share stock price probably means getting in on the hype is out of the question. A quick look for alternatives with price-to-earnings (P/E) ratios, return on equity, earnings per share (EPS) growth forecasts and recent performance similar to or better than Apple reveals Cooper Tire &amp; Rubber (NYSE: <a class="ticker" href="/stock/ctb#NYSE">CTB</a>), HollyFrontier (NYSE: <a class="ticker" href="/stock/hfc#NYSE">HFC</a>) and Seagate Technology (NASDAQ: <a class="ticker" href="/stock/stx#NASDAQ">STX</a>). But unlike Apple, these three stocks also come with a dividend.

Cooper Tire &amp; Rubber

The share price of this maker of replacement tires for domestic and international markets is about 36 percent higher than six months ago, and shares are trading near the 52-week high. This Findlay, Ohio-based manufacturer, which launched a mobile-optimized version of its website last month, has a market cap of about $1.4 billion. The P/E ratio is lower than the industry average, and the dividend yield is nearly two percent. The return on equity is a healthy 52.1 percent, and short interest is more than six percent of the float. Four of six analysts who follow the stock surveyed by Thomson Reuters recommend buying shares; none recommend selling. They seem to think the stock has some room to run, as their consensus price target is more than 15 percent higher than the current share price. But over the past six months, the stock has outperformed Apple and the broader markets.

HollyFrontier

This independent petroleum refiner is trading near a multiyear high, after the share price climbed about 28 percent in the past 90 days. The Dallas-based company has a market cap of more than $8 billion. Though its dividend seems small at 1.5%, the company also issues special dividends, including three so far this year. Its P/E ratio is less than the industry average and the operating margin is greater than the industry average. The return on equity is more than 47 percent, which is better than peers such as Valero Energy (NYSE: <a class="ticker" href="/stock/vlo#NYSE">VLO</a>) and Western Refining (NYSE: <a class="ticker" href="/stock/wnc#NYSE">WNC</a>). Short interest is less than three percent of the float. Eleven out of 19 analysts polled rate the stock a Buy or Strong Buy; none recommend selling shares. The consensus price target is about nine percent higher than the current share price. The stock has outperformed Valero and Apple over the past six months.

Seagate Technology

The share price has pulled back about 15 percent from a recent multiyear high, around the time this Irish data storage maker announced that it would buy the former Solyndra headquarters. But the stock is still up more than 84 percent year to date. Seagate sports a market cap near $12 billion, and it is headquartered in Dublin. Its dividend yield is more than four percent and the long-term EPS growth forecast is more than 25 percent. The operating margin is greater than the industry average. Short interest is less than seven percent of the float. However, the consensus price target is hardly any higher than the current share price, and only nine out of 34 analysts recommend buying shares. Because of the recent pullback, Seagate has underperformed Apple over the past six months, though it has outperformed competitors NetApp (NASDAQ: <a class="ticker" href="/stock/ntap#NASDAQ">NTAP</a>) and Western Digital (NASDAQ: <a class="ticker" href="/stock/wdc#NASDAQ">WDC</a>).

Of course, another way to the play the Apple hype without buying Apple shares is with exchange traded funds that have Apple as a prominent holding. Here are a few examples:

<ul><li>ProShares Ultra QQQ (NYSE: <a class="ticker" href="/stock/qld#NYSE">QLD</a>) is up more than 48 percent year to date.</li>
<li>ProShares Ultra Technology (NYSE: <a class="ticker" href="/stock/rom#NYSE">ROM</a>) is up almost 39 percent year to date.</li>
<li>Technology Select Sector SPDR (NYSE: <a class="ticker" href="/stock/xlk#NYSE">XLK</a>) is up more than 21 percent year to date.</li>
<li>iShares Dow Jones US Technology (NYSE: <a class="ticker" href="/stock/iyw#NYSE">IYW</a>) is up more than 19 percent year to date.</li>
<li>Vanguard Information Technology ETF (NYSE: <a class="ticker" href="/stock/vgt#NYSE">VGT</a>) is up more than 19 percent year to date.</li>
</ul>

AAPL

iShares Dow Jones US Technology Sector Index Fund

NTAP

Seagate Technologies and Other Alternatives to Apple

Here's a quick look at some of the top performing Nasdaq stocks in May. These stocks all have a market cap of more than $500 million and they all pay a dividend.

OPNET Technologies (NASDAQ: <a class="ticker" href="/stock/opnt#NASDAQ">OPNT</a>) is almost 30% lower year to date, but up more than 10% in the past month. The Bethesda, Md.-based software company beat fiscal fourth-quarter EPS expectations in mid May, sending shares higher. It has a $578.4 million market cap and a dividend yield of 2.3%. The long-term EPS growth forecast is 16.7%. But the stock has underperformed the likes of CA Technologies (NASDAQ: <a class="ticker" href="/stock/ca#NASDAQ">CA</a>) and Compuware (NASDAQ: <a class="ticker" href="/stock/cpwr#NASDAQ">CPWR</a>) over the past six months.

PetSmart (NASDAQ: <a class="ticker" href="/stock/petm#NASDAQ">PETM</a>) shares are trading more than 26% higher year to date, including up more than 10% in the past month. It reached a multiyear high following the recent first-quarter report. The $7.0 billion specialty retailer has a dividend yield is 0.9%. Its long-term EPS growth forecast is 16.1% and its return on equity is 27.9%. The stock has outperformed Walmart (NYSE: <a class="ticker" href="/stock/pcln#NYSE">PCLN</a>) and the broader markets since the beginning of the year.

See also: <a href="http://www.benzinga.com/intraday-update/12/05/2612597/petsmart-up-over-11-on-strong-earnings-and-guidance">PetSmart Up Over 11% on Strong Earnings and Guidance</a>

Raven Industries (NASDAQ: <a class="ticker" href="/stock/ravn#NASDAQ">RAVN</a>) is up more than 9% in the past month and more than 21% in the past six months. The industrial products maker said in May it beat top line and bottom line estimates and its board approved a stock split. The company is based in Sioux Falls, S.D., and has a market cap of $1.2 billion. Its dividend yield is 1.3% and the return on equity is 30.7%. Because of the recent surge, the stock has outperformed the broader markets over the past six months.

Royal Gold (NASDAQ: <a class="ticker" href="/stock/rgld#NASDAQ">RGLD</a>) is trading almost 11% higher than a month ago. Early in May, the Denver-based precious metals royalties company posted its fifth-consecutive quarter of double-digit revenue growth. The $4.0 billion market cap company has a dividend yield of 0.9% and its long-term EPS growth forecast is 10.0%. Because of the recent rise in the share price, the stock has narrowly outperformed the broader markets over the past three months.

Spreadtrum Communications (NASDAQ: <a class="ticker" href="/stock/sprd#NASDAQ">SPRD</a>) is up about 31% in the past month, but still more than 12% lower year to date. This $829.4 million market cap semiconductor maker posted strong first-quarter results early in May. It has a dividend yield of 2.2%, the long-term EPS growth forecast is 17.5% and the return on equity is 48.9%. The stock has outperformed competitors Intel (NASDAQ: <a class="ticker" href="/stock/rbcn#NASDAQ">RBCN</a>) and Texas Instruments (NASDAQ: <a class="ticker" href="/stock/txn#NASDAQ">TXN</a>) over the past three months.

True Religion Apparel (NASDAQ: <a class="ticker" href="/stock/trlg#NASDAQ">TRLG</a>) is more than 12% higher than 90 days ago, but it still has a long way to go to rebound from the plunge in February following an earnings miss. The California-based jeans and sportswear maker has a dividend yield of 2.7% and a long-term EPS growth forecast of 20.0%. Its operating margin is higher than the industry average. The stock has underperformed competitor VF Corp. (NYSE: <a class="ticker" href="/stock/vfc#NYSE">VFC</a>) and the broader markets over the past six months.

See also: <a href="http://www.benzinga.com/analyst-ratings/analyst-color/12/05/2606616/brean-murray-carret-co-true-religion-apparel-continues-t">True Religion Apparel Continues to Take Over the Premium Denim Market</a>

United Fire &amp; Casualty (NASDAQ: <a class="ticker" href="/stock/ufcs#NASDAQ">UFCS</a>) is about 22% higher than a month ago and trading near a 52-week high. Shares of this Cedar Rapids-based insurer surged after it also posted strong first-quarter results. It has a market cap of $535.9 million and a dividend yield of 2.8%. But its P/E and PEG ratios are higher than the industry average. Over the past six months, the stock has underperformed larger competitors AIG (NYSE: <a class="ticker" href="/stock/aig#NYSE">AIG</a>) and Travelers Companies (NYSE: <a class="ticker" href="/stock/trv#NYSE">TRV</a>).

<div id="action-items">ACTION ITEMS:

Bullish: Investors interested in exchange traded funds focused on the Nasdaq 100 might want to consider the following trades:

<ul><li>ProShares UltraPro QQQ (NASDAQ: <a class="ticker" href="/stock/tqqq#NASDAQ">TQQQ</a>) is up about 36% year to date.</li>
<li>ProShares Ultra QQQ (NYSE: <a class="ticker" href="/stock/qld#NYSE">QLD</a>) is up more than 23% year to date.</li>
<li>PowerShares QQQ (NASDAQ: <a class="ticker" href="/stock/qqq#NASDAQ">QQQ</a>) is up almost 12% year to date.</li>
</ul>Bearish: Traders may prefer to consider these alternative positions:

<ul><li>ProShares UltraPro Short QQQ (NASDAQ: <a class="ticker" href="/stock/sqqq#NASDAQ">SQQQ</a>) is about 21% higher in the past month.</li>
<li>ProShares UltraShort QQQ (NYSE: <a class="ticker" href="/stock/qid#NYSE">QID</a>) is almost 14% higher in the past month.</li>
<li>ProShares Short QQQ (NYSE: <a class="ticker" href="/stock/psq#NYSE">PSQ</a>) is more than 6% higher in the past month.</li>
</ul>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.</div>

Dividends

CPWR

OPNT

PCLN

PETM

RAVN

RBCN

RGLD

SPRD

SQQQ

TRLG

UFCS

PetSmart, True Religion and Other Top Nasdaq Performers in May

Here is the ETF Professor's ETF Watch List for Thursday April 26, 2012.

Earnings play: Energy Select Sector SPDR (NYSE: <a class="ticker" href="/stock/xle#NYSE">XLE</a>).

Sucker's rally plays: U.S. Natural Gas Fund (NYSE: <a class="ticker" href="/stock/ung#NYSE">UNG</a>) and the Market Vectors Junior Gold Miners ETF (NYSE: <a class="ticker" href="/stock/gdxj#NYSE">GDXJ</a>).

See if tech follows through with the ProShares Ultra QQQ (NYSE: <a class="ticker" href="/stock/qld#NYSE">QLD</a>).

Emerging markets plays of the day: iShares MSCI Turkey Investable Market Index Fund (NYSE: <a class="ticker" href="/stock/tur#NYSE">TUR</a>), iShares MSCI South Korea Index Fund (NYSE: <a class="ticker" href="/stock/ewy#NYSE">EWY</a>) and the Guggenheim China Small-Cap ETF (NYSE: <a class="ticker" href="/stock/hao#NYSE">HAO</a>).

Forex play of the day: ProShares UltraShort Yen (NYSE: <a class="ticker" href="/stock/ycs#NYSE">YCS</a>).

Bond play of the day: PowerShares Emerging Markets Sovereign Debt ETF (NYSE: <a class="ticker" href="/stock/pcy#NYSE">PCY</a>).

Earnings

GDXJ

PowerShares Emerging Markets Sovereign  Portfolio

iShares MSCI Turkey Investable Market Index Fund

ETFs to Watch April 26, 2012 (XLE, UNG, EWY)

Maryland-based ProShares, the largest issuer of inverse and leveraged ETFs and sixth-largest U.S. issuer overall, announced share splits for six of its funds and reverse splits for 11 of its products.

ProShares will split four of its ETFs on a 2-for-1 basis. Those funds are as follows: The ProShares Ultra QQQ (NYSE: <a class="ticker" href="/stock/qld#NYSE">QLD</a>), the double-leveraged equivalent of the PowerShares QQQ (Nasdaq: <a class="ticker" href="/stock/qqq#Nasdaq">QQQ</a>), the ProShares UltraPro QQQ (Nasdaq: <a class="ticker" href="/stock/tqqq#Nasdaq">TQQQ</a>), which is the triple-leveraged answer to QQQ, the ProShares Ultra 20+ Year Treasury (NYSE: <a class="ticker" href="/stock/ubt#NYSE">UBT</a>) and the ProShares Ultra 7-10 Year Treasury (NYSE: <a class="ticker" href="/stock/ust#NYSE">UST</a>).

The ProShares UltraPro Dow30 (NYSE: <a class="ticker" href="/stock/udow#NYSE">UDOW</a>) and the ProShares UltraShort DJ-UBS Natural Gas (NYSE: <a class="ticker" href="/stock/kold#NYSE">KOLD</a>) will be split on a 3-for-1 basis, ProShares said in the statement.

All splits will apply to shareholders of record as of the close of the markets on May 8, 2012, payable after the close of the markets on May 10, 2012, the firm said. Tickers and CUSIPs will remain the same.

Six bearish ProShares funds will be split on a 1-for-4 basis. They are as follows: The ProShares UltraShort Brazil (NYSE: <a class="ticker" href="/stock/bzq#NYSE">BZQ</a>), the ProShares UltraShort Dow30 (NYSE: <a class="ticker" href="/stock/dxd#NYSE">DXD</a>), the ProShares UltraPro Short QQQ (Nasdaq: <a class="ticker" href="/stock/sqqq#Nasdaq">SQQQ</a>), the ProShares UltraPro Short MidCap400 (NYSE: <a class="ticker" href="/stock/smdd#NYSE">SMDD</a>), the ProShares UltraShort Consumer Services (NYSE: <a class="ticker" href="/stock/scc#NYSE">SCC</a>) and the ProShares UltraShort Russell1000 Growth (NYSE: <a class="ticker" href="/stock/sfk#NYSE">SFK</a>).

The following five funds will be split on a 1-for-5 basis: The ProShares UltraPro Short S&amp;P500 (NYSE: <a class="ticker" href="/stock/spxu#NYSE">SPXU</a>), the ProShares UltraShort Silver (NYSE: <a class="ticker" href="/stock/zsl#NYSE">ZSL</a>), the ProShares UltraPro Short Russell2000 (NYSE: <a class="ticker" href="/stock/srty#NYSE">SRTY</a>), the ProShares Ultra DJ-UBS Natural Gas (NYSE: <a class="ticker" href="/stock/boil#NYSE">BOIL</a>) and the ProShares UltraShort Russell3000 (NYSE: <a class="ticker" href="/stock/twq#NYSE">TWQ</a>). 

In the case of BOIL, that product has plunged more than 69% year-to-date and more than 83% in the past six months amid slumping natural gas prices.

All reverse splits will apply to shareholders of record as of the close of the markets on May 10, 2012. The funds will trade at their post-split prices on May 11, 2012, ProShares said in the statement. Tickers and CUSIPS will remain the same.

ProShares had over $23.5 billion in assets under management at the end of March, according to data from the ETF Industry Association.

BOIL

KOLD

SMDD

SPXU

SRTY

ProShares Announces 11 Reverse Splits

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 Shares (NYSE: <a class="ticker" href="/stock/tyh#NYSE">TYH</a>) 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 (NASDAQ: <a class="ticker" href="/stock/aapl#NASDAQ">AAPL</a>) and IBM (NYSE: <a class="ticker" href="/stock/ibm#NYSE">IBM</a>).

Focus Morningstar Technology ETF (NYSE: <a class="ticker" href="/stock/ftq#NYSE">FTQ</a>) 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. Technology (NYSE: <a class="ticker" href="/stock/iyw#NYSE">IYW</a>) 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 (NASDAQ: <a class="ticker" href="/stock/msft#NASDAQ">MSFT</a>), Intel (NASDAQ: <a class="ticker" href="/stock/intc#NASDAQ">INTC</a>) and Oracle (NASDAQ: <a class="ticker" href="/stock/orcl#NASDAQ">ORCL</a>).

See also: <a href="http://www.benzinga.com/trading-ideas/long-ideas/12/03/2452197/etfs-to-watch-march-29-2012-tbt-moo-fxp">ETFs to Watch March 29, 2012</a>

iShares S&amp;P Global Technology (NYSE: <a class="ticker" href="/stock/ixn#NYSE">IXN</a>) 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&amp;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 QQQ (NYSE: <a class="ticker" href="/stock/qld#NYSE">QLD</a>) 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 (NASDAQ: <a class="ticker" href="/stock/csco#NASDAQ">CSCO</a>).

ProShares UltraPro QQQ (NASDAQ: <a class="ticker" href="/stock/tqqq#NASDAQ">TQQQ</a>) 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 (NASDAQ: <a class="ticker" href="/stock/goog#NASDAQ">GOOG</a>) and Oracle.

See also: <a href="http://www.benzinga.com/trading-ideas/long-ideas/12/03/2447510/can-these-etfs-reclaim-their-52-week-highs-fez-tur-iai">Can These ETFs Reclaim Their 52-Week Highs?</a>

ProShares Ultra Technology (NYSE: <a class="ticker" href="/stock/rom#NYSE">ROM</a>) 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 ETN (NYSE: <a class="ticker" href="/stock/tndq#NYSE">TNDQ</a>) 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 ETF (NYSE: <a class="ticker" href="/stock/vgt#NYSE">VGT</a>) 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.

<div id="action-items">ACTION ITEMS:

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

<ul><li>Direxion Daily Semiconductor Bull 3X Shares (NYSE: <a class="ticker" href="/stock/soxl#NYSE">SOXL</a>) is more than 67% higher year to date.</li>
<li>UBS E-TRACS 2x ISE Solid State Drive ETN (NYSE: <a class="ticker" href="/stock/ssdl#NYSE">SSDL</a>) is about 54% higher year to date.</li>
<li>UBS E-TRACS Monthly 2x ISE Cloud Computing (NYSE: <a class="ticker" href="/stock/lsky#NYSE">LSKY</a>) is almost 47% higher year to date.</li>
<li>ProShares Ultra Semiconductors (NYSE: <a class="ticker" href="/stock/usd#NYSE">USD</a>) is more than 32% higher year to date.</li>
</ul>Bearish: Traders may prefer to consider these alternative positions:

<ul><li>Direxion Daily Semiconductor Bear 3X Shares (NYSE: <a class="ticker" href="/stock/soxs#NYSE">SOXS</a>) is trading near the 52-week low.</li>
<li>ProShares Short QQQ (NYSE: <a class="ticker" href="/stock/psq#NYSE">PSQ</a>) is trading near the 52-week low.</li>
<li>ProShares UltraShort Technology (NYSE: <a class="ticker" href="/stock/rew#NYSE">REW</a>) is trading near the 52-week low.</li>
</ul>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.</div>

CSCO

GOOG

INTC

iShares Trust S&P Global Information Technology Sector Index Fund

LSKY

MSFT

ORCL

SOXL

Direxion Daily Semiconductor Bear 3X Shares

SOXS

SSDL

TNDQ

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

Here is the ETF Professor's ETF Watch List for Friday March 16, 2012.

The iShares Dow Jones U.S. Medical Devices Index Fund (NYSE: <a class="ticker" href="/stock/ihi#NYSE">IHI</a>) continues to look bullish.

It's hard to resist the ProShares Ultra QQQ (NYSE: <a class="ticker" href="/stock/qld#NYSE">QLD</a>).

Keep an eye on the Market Vectors Coal ETF (NYSE: <a class="ticker" href="/stock/kol#NYSE">KOL</a>) and the ProShares UltraShort Silver (NYSE: <a class="ticker" href="/stock/zsl#NYSE">ZSL</a>).

Emerging markets plays of the day: iShares MSCI Chile Investable Market Index Fund (NYSE: <a class="ticker" href="/stock/ech#NYSE">ECH</a>), Market Vectors Poland ETF (NYSE: <a class="ticker" href="/stock/plnd#NYSE">PLND</a>) and the PowerShares Emerging Markets Sovereign Debt ETF (NYSE: <a class="ticker" href="/stock/pcy#NYSE">PCY</a>).

Forex play of the day: PowerShares DB Dollar Bearish (NYSE: <a class="ticker" href="/stock/udn#NYSE">UDN</a>).

Bond play of the day: WisdomTree Asia Local Debt ETF (NYSE: <a class="ticker" href="/stock/ald#NYSE">ALD</a>).

iShares Dow Jones US Medical Devices Index Fund

PLND

PowerShares DB US Dollar Index Bearish Fund

ETFs to Watch March 16, 2012 (QLD, KOL, ECH)

The following exchange traded funds ended the week in the neighborhood of their 52-week highs. The share price of each is more than 20% higher than at the beginning of the year as well.

Barclays Long B Leveraged S&amp;P 500 Total Return ETN (NYSE: <a class="ticker" href="/stock/bxub#NYSE">BXUB</a>) is more than 22% higher than at the beginning of the year, and it end last week just shy of an all-time high. The investment seeks to replicate triple the daily performance of the S&amp;P 500 Total Return Index. That index is a capitalization-weighted index intended to provide an indication of the pattern of stock price movement in the U.S. equities market, covering 75% of total U.S. equities market.

Direxion Daily Technology Bull 3X Shares (NYSE: <a class="ticker" href="/stock/tyh#NYSE">TYH</a>) is more than 57% higher since the beginning of the year, and it ended last week about 2% below a recent multiyear high. The investment seeks daily investment results of 300% of the performance of the underlying Russell 1000 Technology Index. Top holdings include Apple (NASDAQ: <a class="ticker" href="/stock/aapl#NASDAQ">AAPL</a>), IBM (NYSE: <a class="ticker" href="/stock/ibm#NYSE">IBM</a>), Microsoft (NASDAQ: <a class="ticker" href="/stock/msft#NASDAQ">MSFT</a>) and Google (NASDAQ: <a class="ticker" href="/stock/goog#NASDAQ">GOOG</a>).

EGShares Industrials GEMS ETF (NYSE: <a class="ticker" href="/stock/igem#NYSE">IGEM</a>) is more than 27% higher year to date after pulling back about 2% in the past week. The investment seeks results that correspond to the price and yield performance of the Dow Jones Emerging Markets Industrials Titans 30 Index. The nondiversified fund normally invests at least 80% of its net assets in securities of companies that are included in the underlying index.

See also: <a href="http://www.benzinga.com/trading-ideas/long-ideas/12/03/2390081/4-etfs-for-the-presidential-cycle-moo-qqq-kol">Four ETFs for the Presidential Cycle</a>

Global X Brazil Consumer ETF (NYSE: <a class="ticker" href="/stock/braq#NYSE">BRAQ</a>) is up more than 29% since the beginning of the year and poised to retake the 52-week high from last April. The nondiversified fund normally invests at least 80% of total assets in the securities of the Solactive Brazil Consumer Index and in depositary receipts based on the securities in the index. The underlying index is designed to measure the performance of the consumer sector of the Brazilian economy.

Global X FTSE Colombia 20 ETF (NYSE: <a class="ticker" href="/stock/gxg#NYSE">GXG</a>) is up about 21% since the beginning of the year, but less than 1% higher in the past week. The nondiversified fund invests at least 80% of total assets in the securities of the FTSE Colombia 20 index and in depositary receipts based on the securities in the index. The index is free float adjusted, liquidity tested and a market capitalization-weighted index designed to measure broad-based equity market performance in Colombia.

iPath Long Extended S&amp;P 500 Total Return ETN (NYSE: <a class="ticker" href="/stock/sfla#NYSE">SFLA</a>) is up more than 24% since the beginning of the year, ending last week at an all-time high. The investment seeks to replicate the leveraged return on the performance of the S&amp;P 500 Total Return index. That index is a capitalization-weighted index intended to provide an indication of the pattern of stock price movement in the U.S. equities market, covering 75% of total U.S. equities market.

See also: <a href="http://www.benzinga.com/trading-ideas/long-ideas/12/02/2384565/etfs-for-the-ipad-3"> ETFs for the iPad 3</a>

ProShares UltraPro QQQ (NASDAQ: <a class="ticker" href="/stock/tqqq#NASDAQ">TQQQ</a>) is more than 55% higher year to date and ended last week near an all-time high. The nondiversified fund invests in equity securities and derivatives that advisors believe, in combination, should have similar daily return characteristics as three times (3x) the daily return of the underlying index. Top holdings include Apple, Oracle (NASDAQ: <a class="ticker" href="/stock/orcl#NASDAQ">ORCL</a>), Cisco Systems (NASDAQ: <a class="ticker" href="/stock/csco#NASDAQ">CSCO</a>) and Amazon.com (NASDAQ: <a class="ticker" href="/stock/amzn#NASDAQ">AMZN</a>).

ProShares Ultra Russell 1000 Growth (NYSE: <a class="ticker" href="/stock/ukf#NYSE">UKF</a>) is about 23% higher since the beginning of the year and trading near a multiyear high. The nondiversified fund invests in equity securities and derivatives that advisors believe, in combination, should have similar daily return characteristics as twice (200%) the daily return of the Russell 1000 Growth Index. Top holdings include Apple, Exxon Mobil (NYSE: <a class="ticker" href="/stock/xom#NYSE">XOM</a>), Coca-Cola (NYSE: <a class="ticker" href="/stock/ko#NYSE">KO</a>) and McDonald's (NYSE: <a class="ticker" href="/stock/mcd#NYSE">MCD</a>).

ProShares Ultra Technology (NYSE: <a class="ticker" href="/stock/rom#NYSE">ROM</a>) is up more than 35% since the beginning of the year and ended last week about 1% below a multiyear high. The nondiversified fund invests in equity securities and derivatives that advisors believe, in combination, should have similar daily return characteristics as twice (200%) the daily return of the Dow Jones U.S. Technology Index. Top holdings include Apple, Intel (NASDAQ: <a class="ticker" href="/stock/intc#NASDAQ">INTC</a>) and Qualcomm (NASDAQ: <a class="ticker" href="/stock/qcom#NASDAQ">QCOM</a>).

<div id="action-items">ACTION ITEMS:

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

<ul><li>ProShares Ultra QQQ (NYSE: <a class="ticker" href="/stock/qld#NYSE">QLD</a>) is more than 34% higher year to date.</li>
<li>Global X Brazil Financials ETF (NYSE: <a class="ticker" href="/stock/braf#NYSE">BRAF</a>) is more than 30% higher year to date.</li>
<li>iPath Inverse S&amp;P 500 VIX Short-Term Futures ETN II (NYSE: <a class="ticker" href="/stock/ivop#NYSE">IVOP</a>) is more than 23% higher year to date.</li>
<li>iShares MSCI Thailand Investable Market Index (NYSE: <a class="ticker" href="/stock/thd#NYSE">THD</a>) is more than 19% higher year to date.</li>
</ul>Bearish: Traders may prefer to consider these alternative positions in individual, high-performing stocks:

<ul><li>Cybex International (NASDAQ: <a class="ticker" href="/stock/cybi#NASDAQ">CYBI</a>) is up more than 435% year to date.</li>
<li>BroadVision (NASDAQ: <a class="ticker" href="/stock/bvsn#NASDAQ">BVSN</a>) is up more than 310% year to date.</li>
<li>Threshold Pharmaceuticals (NASDAQ: <a class="ticker" href="/stock/thld#NASDAQ">THLD</a>) is up about 295% year to date.</li>
</ul>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.</div>

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iShares MSCI Thailand Investable Market Index Fund

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Nine ETFs Trading Near 52-Week Highs

Here is the ETF Professor's ETF Watch List for Friday March 2, 2012.

The iShares MSCI Canada Index Fund (NYSE: <a class="ticker" href="/stock/ewc#NYSE">EWC</a>) is starting to look interesting.

Check in with the Global X Uranium ETF (NYSE: <a class="ticker" href="/stock/ura#NYSE">URA</a>).

For Nasdaq 3,000: ProShares Ultra QQQ (NYSE: <a class="ticker" href="/stock/qld#NYSE">QLD</a>).

The iShares MSCI Italy Index Fund (NYSE: <a class="ticker" href="/stock/ewi#NYSE">EWI</a>) was up more than 3% on Thursday.

Emerging markets plays of the day: WisdomTree India Earnings ETF (NYSE: <a class="ticker" href="/stock/epi#NYSE">EPI</a>), PowerShares DWA Emerging Markets Technical Leaders ETF (NYSE: <a class="ticker" href="/stock/pie#NYSE">PIE</a>) and the Global X FTSE Colombia 20 ETF (NYSE: <a class="ticker" href="/stock/gxg#NYSE">GXG</a>).

Forex play of the day: ProShares UltraShort Yen (NYSE: <a class="ticker" href="/stock/ycs#NYSE">YCS</a>).

Bond play of the day: Market Vectors High-Yield Muni ETF (NYSE: <a class="ticker" href="/stock/hyd#NYSE">HYD</a>).

After-Hours Center

Market Vectors High Yield Municipal Index ETF

PowerShares DWA Emerging Markets Technical Leaders

ETFs to Watch March 2, 2012 (URA, EPI, YCS)

Here's a quick look at some of the top performing Nasdaq stocks in February. These stocks all have a market cap of more than $500 million and they all pay a dividend.

Aixtron (NASDAQ: <a class="ticker" href="/stock/aixg#NASDAQ">AIXG</a>) is up about 29% year to date, including a 19% rise in the past month. This $1.7 billion market cap machinery maker is headquartered in Germany and was founded in 1983. It has a dividend yield of 5.1%, the long-term EPS growth forecast is 60.0% and the return on equity is 25.9%. The stock has narrowly outperformed competitors such as Rubicon Technology (NASDAQ: <a class="ticker" href="/stock/rbcn#NASDAQ">RBCN</a>) and Veeco Instruments (NASDAQ: <a class="ticker" href="/stock/veco#NASDAQ">VECO</a>) over the past six months.

Boston Private Financial Holdings (NASDAQ: <a class="ticker" href="/stock/bpfh#NASDAQ">BPFH</a>) is more than 20% higher than a month ago and hit a multiyear high yesterday. This small cap regional bank saw income from fees increase 12% last year. It is headquartered in Boston and caters to high net worth customers. Its dividend yield is 0.4% and its PEG ratio is less than the industry average. Over the past six months, the stock has outperformed competitors State Street (NYSE: <a class="ticker" href="/stock/stt#NYSE">STT</a>) and M&amp;T Bank (NYSE: <a class="ticker" href="/stock/mtb#NYSE">MTB</a>).

National CineMedia (NASDAQ: <a class="ticker" href="/stock/ncmi#NASDAQ">NCMI</a>) shares are trading more than 28% higher year to date but still down more than 10% from a year ago. The company operates a digital in-theatre marketing network in North America, and it posted better-than-expected revenues in the most recent quarterly report. The dividend yield is 5.5%. The stock has underperformed Clear Channel Outdoor Holdings (NYSE: <a class="ticker" href="/stock/cco#NYSE">CCO</a>) and Lamar Advertising (NASDAQ: <a class="ticker" href="/stock/lamr#NASDAQ">LAMR</a>) over the past six months.

See also: <a href="http://www.benzinga.com/analyst-ratings/analyst-color/12/02/2345829/update-piper-jaffray-upgrades-national-cinemedia-to-over">Piper Jaffray Upgrades National CineMedia to Overweight</a>

Nordson (NASDAQ: <a class="ticker" href="/stock/ndsn#NASDAQ">NDSN</a>) is almost 34% higher year to date, including up more than 20% in the past month. The Ohio-based equipment maker beat fiscal Q1 EPS expectations and offered a better-than-expected Q2 EPS outlook. It has a $3.6 billion market cap and a dividend yield of 0.9%. The long-term EPS growth forecast is 15.3% and the return on equity is 39.2%. The stock has outperformed the likes of Illinois Tool Works (NYSE: <a class="ticker" href="/stock/itw#NYSE">ITW</a>) and 3M (NYSE: <a class="ticker" href="/stock/mmm#NYSE">MMM</a>) over the past six months.

PF Chang's China Bistro (NASDAQ: <a class="ticker" href="/stock/pfcb#NASDAQ">PFCB</a>) is up about 25% year to date. The restaurant operator recently said it would take a majority stake in True Food Kitchen. PF Chang's is based in Scottsdale, Ariz., and has a market cap of $810.5 million. Its dividend yield is 2.9%, the long-term EPS growth forecast is 15.3% and short interest is 19.9% of the float. Year to date, the stock has outperformed competitors Benihana (NASDAQ: <a class="ticker" href="/stock/bnhn#NASDAQ">BNHN</a>) and Brinker International (NYSE: <a class="ticker" href="/stock/eat#NYSE">EAT</a>).

See also: <a href="http://www.benzinga.com/news/12/02/2353366/larry-ryback-appointed-chief-operating-officer-of-p-f-changs">Larry Ryback Appointed Chief Operating Officer of PF Chang's</a>

R.R. Donnelley &amp; Sons (NASDAQ: <a class="ticker" href="/stock/rrd#NASDAQ">RRD</a>) is almost 27% higher than a month ago, but that is a rebound from a plunge in January after the printing and packaging company offered lower-than-expected revenue guidance and declined to offer EPS guidance. The Chicago-based company has a dividend yield of 7.5%, but short interest is 26.0% of the float. The stock has underperformed the VistaPrint (NASDAQ: <a class="ticker" href="/stock/vprt#NASDAQ">VPRT</a>) but outperformed Quad/Graphics (NYSE: <a class="ticker" href="/stock/quad#NYSE">QUAD</a>) over the past six months.

See also: <a href="http://www.benzinga.com/news/12/02/2382821/rr-donnelley-announces-pricing-of-450-million-offering-of-its-8-250-notes-due-201">RR Donnelley Announces Pricing of $450 million Offering</a>

Seagate Technology (NASDAQ: <a class="ticker" href="/stock/stx#NASDAQ">STX</a>) is trading almost 62% higher than at the beginning of the year. Shares surged at the end of January when the hard drive maker said that its fiscal second-quarter net income more than tripled from a year earlier. The $11.8 billion market cap Irish company has a dividend yield of 3.8% and its return on equity is 29.3%. The stock has outperformed peers NetApp (NASDAQ: <a class="ticker" href="/stock/ntap#NASDAQ">NTAP</a>) and Western Digital (NYSE: <a class="ticker" href="/stock/wdc#NYSE">WDC</a>) over the past six months.

<div id="action-items">ACTION ITEMS:

Bullish: Investors interested in exchange traded funds focused on the Nasdaq 100 might want to consider the following trades:

<ul><li>ProShares UltraPro QQQ (NASDAQ: TQQQ) is up almost 52% year to date.</li>
<li>ProShares Ultra QQQ (NYSE: <a class="ticker" href="/stock/qld#NYSE">QLD</a>) is up more than 32% year to date.</li>
<li>PowerShares QQQ (NASDAQ: <a class="ticker" href="/stock/qqq#NASDAQ">QQQ</a>) is up more than 15% year to date.</li>
</ul>Bearish: Traders may prefer to consider these alternative positions:

<ul><li>ProShares Short QQQ (NYSE: <a class="ticker" href="/stock/psq#NYSE">PSQ</a>) is trading near the 52-week low.</li>
<li>ProShares UltraShort QQQ (NYSE: <a class="ticker" href="/stock/qid#NYSE">QID</a>) is trading near the 52-week low.</li>
<li>ProShares UltraPro Short QQQ (NASDAQ: <a class="ticker" href="/stock/sqqq#NASDAQ">SQQQ</a>) is trading near the 52-week low.</li>
</ul>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.</div>

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Seagate, PF Chang's and Other Top Nasdaq Stocks in February

Here's a quick look at some of the top performing dividend stocks, year to date, that are listed on the Nasdaq.

CA Technologies (NASDAQ: <a class="ticker" href="/stock/ca#NASDAQ">CA</a>) is almost 26% higher year to date, more than 12% just in the past week. Shares surged after the company posted better-than-expected quarterly results that were accompanied by the announcement of a fivefold dividend increase through 2014. This IT software maker has a market cap of $12.5 billion and its dividend yield is 0.8%. The stock has outperformed competitors BMC Software (NASDAQ: <a class="ticker" href="/stock/bmc#NASDAQ">BMC</a>) and Oracle (NASDAQ: <a class="ticker" href="/stock/orcl#NASDAQ">ORCL</a>) over the past six months.

See also: <a href="http://www.benzinga.com/news/12/01/2291320/ca-technologies-enters-into-an-accelerated-share-repurchase-agreement-to-buy-back">CA Technologies Enters into an Accelerated Share Repurchase Agreement</a>.

Grupo Financiero Galicia (NASDAQ: <a class="ticker" href="/stock/ggal#NASDAQ">GGAL</a>) is up more than 33% in the past month. This is just one of several Argentine companies on the rise since an emerging markets analyst began buying the region's stocks. Based in Buenos Aires, the holding company has a market cap of $960.8 million, a dividend yield of 0.6% and a long-term EPS growth forecast of 46.0%. Over the past month, the stock has narrowly outperformed peers Banco Macro (NYSE: <a class="ticker" href="/stock/bma#NYSE">BMA</a>) and Banco Frances (NYSE: <a class="ticker" href="/stock/bfr#NYSE">BFR</a>).

Kelly Services (NASDAQ: <a class="ticker" href="/stock/kelya#NASDAQ">KELYA</a>) shares are trading more than 22% higher year to date and more than 55% higher than the 52-week low. Analysts expect EPS to be up 43.8% year-over-year when Kelly reports full-year results on Feb. 2. The dividend yield is 1.2%, the long-term EPS growth forecast is 15.0% and the P/E ratio is less than the industry average. Over the past six months, the stock has outperformed Korn/Ferry International (NYSE: <a class="ticker" href="/stock/kfy#NYSE">KFY</a>) and Manpower Group (NYSE: <a class="ticker" href="/stock/man#NYSE">MAN</a>).

Privatebancorp (NASDAQ: <a class="ticker" href="/stock/pvtb#NASDAQ">PVTB</a>) is about 31% higher than a month ago, but more than 12% below the 52-week high. The company just reported better-than-expected Q4 EPS and a sizable decrease in nonperforming loans over the past year. This regional bank is based in Chicago and has a market cap of $1.0 billion. Its dividend yield is 0.3%. Over the past six months, the stock has outperformed competitors Fifth Third Bancorp (NASDAQ: <a class="ticker" href="/stock/fitb#NASDAQ">FITB</a>) and Northern Trust (NASDAQ: <a class="ticker" href="/stock/ntrs#NASDAQ">NTRS</a>).

Seagate Technology (NASDAQ: <a class="ticker" href="/stock/stx#NASDAQ">STX</a>) is more than 31% higher than a month ago and more than 53% from a year ago. Shares jumped last week after its board voted to buy back an additional $1 billion in stock and approved a 39% increase in the quarterly dividend. This $8.7 billion market cap company has a dividend yield of 3.4%. Its return on equity is 18.8%. The stock has outperformed competitors NetApp (NASDAQ: <a class="ticker" href="/stock/ntap#NASDAQ">NTAP</a>) and Western Digital (NYSE: <a class="ticker" href="/stock/wdc#NYSE">WDC</a>) over the past six months.

See also: <a href="http://www.benzinga.com/news/12/01/2291686/seagate-technology-increases-quarterly-cash-dividend-by-39-and-announces-new-shar">Segate Technology Increases Quarterly Cash Dividend by 39%</a>.

Siliconware Precision Industries (NASDAQ: <a class="ticker" href="/stock/spil#NASDAQ">SPIL</a>) shares are trading more than 24% higher year to date. This is one of the chipmakers in the running to fabricate the processors that will be used in Apple's (NASDAQ: <a class="ticker" href="/stock/aapl#NASDAQ">AAPL</a>) TV. The company has a market cap of $3.4 billion, a long-term EPS growth forecast of 20.0% and a dividend yield of 5.1%. The stock has outperformed fellow bidder Advanced Semiconductor Engineer (NASDAQ: <a class="ticker" href="/stock/asx#NASDAQ">ASX</a>) over the past six months.

Steel Dynamics (NASDAQ: <a class="ticker" href="/stock/stld#NASDAQ">STLD</a>) is up more than 22% year to date, including a more than 6% pop in the past week. The company just reported better-than-expected EPS for the most recent quarter. Revenue was up year-over-year too, but in line with expectations. The dividend yield is 2.5% and the market cap is $3.5 billion. The long-range EPS growth forecast is 21.6%. Over the past six months, the stock has outperformed AK Steel (NYSE: <a class="ticker" href="/stock/aks#NYSE">AKS</a>) and U.S. Steel (NYSE: <a class="ticker" href="/stock/x#NYSE">X</a>).

<div id="action-items">ACTION ITEMS:

Bullish: Investors interested in exchange traded funds focused on the Nasdaq 100 might want to consider the following trades:

<ul><li>PowerShares QQQ (NASDAQ: <a class="ticker" href="/stock/qqq#NASDAQ">QQQ</a>) is trading near the 52-week high.</li>
<li>ProShares Ultra QQQ (NYSE: <a class="ticker" href="/stock/qld#NYSE">QLD</a>) is trading near the 52-week high.</li>
<li>ProShares UltraPro QQQ (NASDAQ: TQQQ) is about 9% below the 52-week high.</li>
</ul>Bearish: Traders may prefer to consider these alternative positions:

<ul><li>ProShares Short QQQ (NYSE: <a class="ticker" href="/stock/psq#NYSE">PSQ</a>) is trading near the 52-week low.</li>
<li>ProShares UltraShort QQQ (NYSE: <a class="ticker" href="/stock/qid#NYSE">QID</a>) is trading near the 52-week low.</li>
<li>ProShares UltraPro Short QQQ (NASDAQ: <a class="ticker" href="/stock/sqqq#NASDAQ">SQQQ</a>) is trading near the 52-week low.</li>
</ul>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.</div>

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Nasdaq's Top Performers in January

Here is the ETF Professor's ETF Watch List for Tuesday September 27, 2011.

The Energy Select Sector SPDR (NYSE: <a class="ticker" href="/stock/xle#NYSE">XLE</a>) was in fine form on Monday.

The ProShares Ultra QQQ (NYSE: <a class="ticker" href="/stock/qld#NYSE">QLD</a>) looks like the short-term way to play tech right now.

How long with the strength in financials last? The Direxion Daily Financial Bull 3X Shares (NYSE: <a class="ticker" href="/stock/fas#NYSE">FAS</a>) holds the answer.

Emerging markets plays of the day: iShares MSCI Mexico Investable Market Index Fund (NYSE: <a class="ticker" href="/stock/eww#NYSE">EWW</a>), SPDR S&amp;P Emerging Middle East &amp; Africa ETF (NYSE: <a class="ticker" href="/stock/gaf#NYSE">GAF</a>) and the ProShares MSCI Emerging Markets (NYSE: <a class="ticker" href="/stock/eev#NYSE">EEV</a>).

Forex play of the day: CurrencyShares Swiss Franc Trust (NYSE: <a class="ticker" href="/stock/fxf#NYSE">FXF</a>).

Bond play of the day: Market Vectors High-Yield Muni ETF (NYSE: <a class="ticker" href="/stock/hyd#NYSE">HYD</a>).

ProShares UltraShort MSCI Emerging Markets

SPDR S&P Emerging Middle East & Africa ETF

ETFs To Watch September 27, 2011

Here is the ETF Professor's ETF Watch List for Tuesday September 20, 2011.

Obvious plays: iShares MSCI Italy Index Fund (NYSE: <a class="ticker" href="/stock/ewi#NYSE">EWI</a>) and the ProShares UltraShort Europe (NYSE: <a class="ticker" href="/stock/epv#NYSE">EPV</a>).

Perhaps the best long index ETF right now? Trade the ProShares Ultra QQQ (NYSE: <a class="ticker" href="/stock/qld#NYSE">QLD</a>).

Yield play: JPMorgan Alerian MLP Index ETN (NYSE: <a class="ticker" href="/stock/amj#NYSE">AMJ</a>).

Emerging markets plays of the day: ProShares UltraShort Brazil (NYSE: <a class="ticker" href="/stock/bzq#NYSE">BZQ</a>), ProShares UltraShort FTSE China 25 (NYSE: <a class="ticker" href="/stock/fxp#NYSE">FXP</a>) and the iShares MSCI Malaysia Index Fund (NYSE: <a class="ticker" href="/stock/ewm#NYSE">EWM</a>).

Currency play of the day: ProShares UltraShort Euro (NYSE: <a class="ticker" href="/stock/euo#NYSE">EUO</a>).

Bond play of the day: Vanguard Total Bond Market ETF (NYSE: <a class="ticker" href="/stock/bnd#NYSE">BND</a>).

ETFs To Watch September 20, 2011

연방준비제도(연준)는 다가오는 연방공개시장위원회(FOMC) 회의에서 금리를 인하할 것으로 예상되며, 그 결정은 수요일 <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40878710/investors-bet-on-50-basis-point-rate-cut-wall-street-analysts-urge-caution-this-is-">동부 표준시 오후 2시</a>에 발표될 예정이다.
이 중앙은행은 2023년 9월부터 연방기금 금리를 5.25%~5.5%로 유지해 왔으며, 이번 주 금리 인하는 2020년 3월 이후 처음으로 치솟는 인플레이션에 맞서기 위해 시행된 제한적인 통화 정책 기조에서 뚜렷한 전환을 의미한다.
<h3 class="wp-block-heading">금리 인하 기대: 연준은 25 또는 50bp를 선택할 것인가?</h3>
모두가 궁금해하는 핵심 질문은 금리 인하 폭이다. 연준이 신중하게 25bp(베이시스 포인트) 인하를 선택할 것인지, 아니면 이전 금리 인하 사이클의 시작에서처럼 과감하게 50bp 인하를 단행할 것인지가 주목된다.
현재 시장 정서는 월스트리트 경제학자들의 컨센서스와 다르다. CME의 페드워치(FedWatch) 도구에 따르면 트레이더들은 50bp 인하의 가능성을 63%로 가격에 반영하고 있다.
반면 월스트리트 애널리스트들 사이에서는 더 보수적인 25bp 인하에 대한 압도적인 합의가 존재하지만, JP모건 체이스는 50bp 인하를 예측하는 주목할 만한 예외이다.
이 미국 최대 은행에 따르면, 금리는 중립 수준보다 약 150bp 높다. 따라서 매번 회의마다 25bp 인하를 단행하면 정책이 중립적 입장으로 돌아가는 데 거의 1년이 걸린다.
이는 특히 돌이켜보면 7월 시작이 더 적절했을 수 있다는 점을 감안할 때 사이클 시작 시 금리 인하를 우선적으로 적용해야 한다는 주장을 강화한다.
연준이 25bp 또는 50bp 인하를 선택하든, 애널리스트들은 2024년과 2025년까지 일련의 인하가 계속될 것으로 예상하고 있다.
<h3 class="wp-block-heading">금리 인하 이전의 투자자 움직임: 투자자들이 지난주에 가장 많이 구매한 상위 10개 ETF</h3>
이번에 예상되는 금리 인하를 앞두고 투자자들은 포트폴리오를 재편성하여 금리가 낮은 환경에서 혜택을 볼 수 있는 자산으로의 전략적 이동을 나타내는 다양한 상장지수펀드(ETF)에 유입이 크게 발생했다.
이러한 트렌드를 파악하기 위해 벤징가(Benzinga)는 베타파이(VettaFi)의 etfdb.com 데이터를 분석했으며, 투자자들이 가치 중심의 ETF를 선호하는 강한 경향을 보였음을 발견했다.
그 중에서도 iShares MSCI EAFE Value ETF(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EFV#NYSE">EFV</a>)와 SPDR Portfolio S&amp;P 500 Value ETF(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPYV#NYSE">SPYV</a>)가 주목받으며, 이는 매크로 환경 변화에 따라 안정성과 방어적 헤지를 제공할 수 있는 자산으로의 선호를 나타낸다.
또한, 전통적인 금리 인하 수혜자인 금도 투자자들의 관심을 끌며, 지난주 동안 가격이 여러 차례 사상 최고가를 기록했고, SPDR Gold Shares(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>)로의 강력한 유입이 이를 뒷받침했다.
기술 섹터, 특히 반도체에 대한 관심도 주목할 만하며, VanEck Semiconductor ETF(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMH#NYSE">SMH</a>)가 상당한 유입을 보였다.
추가적으로, 투자자들은 나스닥 100에 대한 투기적이고 레버리지 전략을 추구했으며, 이는 50bp 인하 가능성이 높아졌다고 해석되었을 가능성이 있다.
투자자들은 ProShares Ultra QQQ(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QLD#NYSE">QLD</a>)와 ProShares UltraPro QQQ(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TQQQ#NYSE">TQQQ</a>)를 구매했다. QLD는 나스닥 100의 일일 성과를 두 배로 제공하고, TQQQ는 세 배로 제공한다.
마지막으로, 인기 있는 소형주 펀드인 iShares Russell 2000 ETF(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>)가 5억 달러 이상의 유입을 받아, 투자자들이 차입 비용 감소로 혜택을 받을 것으로 예상되는 소형 국내 기업들에 대한 관심이 높아지고 있음을 나타냈다.
<figure class="wp-block-table is-style-stripes">
<table style="overflow:auto; height: 90px; display: block;">
<thead>
<tr>
<th>ETF 이름</th>
<th>1주일 유입 ($MM)</th>
</tr>
</thead>
<tbody>
<tr>
<td>iShares MSCI EAFE Value ETF</td>
<td>$1,135.48</td>
</tr>
<tr>
<td>SPDR Portfolio S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPLG#NYSE">SPLG</a>)</td>
<td>$820.85</td>
</tr>
<tr>
<td>Vanguard Intermediate-Term Corporate Bond ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VCIT#NYSE">VCIT</a>)</td>
<td>$818.30</td>
</tr>
<tr>
<td>SPDR Portfolio S&amp;P 500 Value ETF</td>
<td>$775.06</td>
</tr>
<tr>
<td>VanEck Semiconductor ETF</td>
<td>$717.11</td>
</tr>
<tr>
<td>Vanguard S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VOO#NYSE">VOO</a>)</td>
<td>$698.27</td>
</tr>
<tr>
<td>SPDR Gold Shares</td>
<td>$648.41</td>
</tr>
<tr>
<td>ProShares Ultra QQQ</td>
<td>$646.66</td>
</tr>
<tr>
<td>ProShares UltraPro QQQ</td>
<td>$560.15</td>
</tr>
<tr>
<td>iShares Russell 2000 ETF </td>
<td>$552.24</td>
</tr>
</tbody>
</table>
</figure>
지금 읽기:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40903154/13-etfs-to-own-as-fed-set-to-cut-rates-analysts-highlight-utilities-real-estate-and">금리 인하를 앞두고 꼭 가져야 할 13개 ETF: 애널리스트가 유틸리티, 부동산 등을 강조</a></li>
</ul>
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