The convention is to put symbols in the headline to save busy people from reading stories during the trading day that aren't about their stocks. When you end up splattering what looks like an old-fashioned ticker-tape across the story you've defeated the purpose. Here's the post:
We have been large fans of exchange-traded funds, exchange-traded notes, and other exchange-traded instruments which are open for trade throughout the day that are allowed to be invested in just like a stock. But with all new and growing markets, there are risks that need to be kept in check. There are some leveraged ETF’s and their inverse counterparts which might need to see reverse share splits in the near future.*Churchill titled his four volumes "A History of the English-Speaking Peoples", I'm guessing he knew his articles better than I do.
The notion of so many low-priced shares being so active may wreak havoc as the funds managing each ETF try to keep up with appropriate derivatives and in buying and selling shares of the components that are supposed to be the underlying securities. There are even a few ETF’s which should probably just be closed down entirely and liquidated to holders. Direxion Daily Financial Bull 3X Shares ( FAS) and The Direxion Daily Financial Bear 3X Shares (NYSE: FAZ) are both prime examples of ETFs which skew total daily exchange trading volume numbers because of low share prices today and massive trading volume. This is not meant to pick on the fund groups because they created trading vehicles which they did not expect to see some of these moves. There are many more ETFs and ETNs to consider here. Direxion just announced a reverse split for another ETF yesterday, but not its two financial triple-leverage ETFs. Direxion Daily Financial Bull 3X Shares (NYSE: FAS) is now back down close to $8.00 per share, yet it trades 250 million shares on an average day....MORE