Tuesday, April 28, 2009

Cramer's Outrage: Ultra-Short ETFs

Posted By:Tom Brennan
Topics:SEC | Stock Picks | Stock Market
Sectors:Financial Services

As if one ultra-short exchange-traded fund wasn't bad enough. Now ProShares is asking the Securities and Exchange Commission for permission to create 94 new ETFs. And instead of settling for a mere $2 of short leverage, ProShares wants $3. Needless to say, Cramer is outraged, especially considering the damage already caused by the UltraShort Financial ETF [SKF 59.77 0.19 (+0.32%) ]. He wants them all shut down. Watch the video for the latest on this important Cramer crusade. (more)

No comments:

Post a Comment