New Bearish ETF Bets on Widely Observed Consumer Staples, Utilities Sectors
Direxion has rolled out two new short or bearish exchange traded fund plays that track widely observed consumer staples and utilities sectors. On Thursday, Direxion added the Direxion Daily Consumer Staples Bear 1X Shares (NYSEArca: SPLZ) and Direxion Daily Utilities Bear 1X Shares (NYSEArca: UTLZ). Both funds come with a 0.45% net expense ratio. "The… Click to read more at ETFtrends.com.
This article was provided by our partner Tom Lydon of etftrends.com.