Oil prices topped the psychologically important $40 per barrel level on Monday, helping lift the United States Oil Fund LP (ETF) (NYSE: USO) to a one-week gain of over 13 percent.
Energy stocks are strutting their stuff as well, as the Energy Select Sector SPDR (ETF) (NYSE: XLE) is sporting a one-week gain of 2.5 percent.
Those statistics are clearly short-term in nature, and that might be one reason why short sellers are not shying away from the energy sector. XLE is down 20.1 percent over the past year, meaning the largest equity-based energy ETF is still in a bear market. Knowing that the sector's earnings and earnings forecasts have been dreadful could be seen as another reason short sellers would stay away on the premise that worst is baked into ETFs ...
/www.benzinga.com/news/16/04/7828104/shorts-say-curb-your-enthusiasm-for-energy-etfs alt=Shorts Say Curb Your Enthusiasm For Energy ETFs>Full story available on Benzinga.com
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