Posted by CopperMtn on 28th of Jul 2011 at 12:21 pm
SPPIX is a short mutual fund from ProFunds that is the
inverse of the DJ Precious Metals Index, and trades only at
the close (3:30 PM ET). Note that the index on which SPPIX is based
is different than the index on which GDX is based (AMEX Gold Bugs
Index $GDM) but looking at the components, there is not huge
difference. SPPIX is not leveraged so it is a way to get 1x inverse
exposure to PM stocks compared to DUST which is 2x inverse.
Not dzz, that's a short
GDX short...
Posted by frtaylor on 28th of Jul 2011 at 11:49 am
Not dzz, that's a short on gold itself. The specific inverse etf is DUST. It's a 2X inverse fund.
SPPIX
Posted by CopperMtn on 28th of Jul 2011 at 12:21 pm
SPPIX is a short mutual fund from ProFunds that is the inverse of the DJ Precious Metals Index, and trades only at the close (3:30 PM ET). Note that the index on which SPPIX is based is different than the index on which GDX is based (AMEX Gold Bugs Index $GDM) but looking at the components, there is not huge difference. SPPIX is not leveraged so it is a way to get 1x inverse exposure to PM stocks compared to DUST which is 2x inverse.
thank you I stand corrected
Posted by marie on 28th of Jul 2011 at 11:55 am