With the major homebuilders exchange traded funds trading at their highest levels in more than eight years, applying some leverage to that trade might seem like a good idea for some risk-tolerant traders.
And if Treasury yields start heading higher again in anticipation of an interest rate, perhaps adding some leverage to the regional bank trade will prove to be profitable.
Or homebuilders stocks and ETFs could retreat and Treasury yields could continue doing the same, sapping regional banks in the process.
Either way, Direxion has users of leveraged ETFs covered with four new products that came to market on Wednesday.
Homebuilders
Direxion, the second-largest issuer of leveraged and inverse ETFs, introduced the first triple-leveraged homebuilders ETFs, the Direxion Daily Homebuilders & Supplies 3x Bull Shares (NYSE: NAIL) and the Direxion Daily Homebuilders & Supplies 3x Bear Shares (NYSE: CLAW).
NAIL's objective is to deliver triple the daily returns ...
/www.benzinga.com/trading-ideas/long-ideas/15/08/5777854/4-new-leveraged-etfs-right-for-the-times alt=4 New Leveraged ETFs Right For The Times>Full story available on Benzinga.com
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