Aug

14

If you want to see some spooky quote slippage, try to get quotes from different sources (Yahoo, Google, MSN) for the newer ProShares index ETFs for the S&P, QQQQ and MidCap 400. Each fund is meant to track 200% of either the index move (QLD, MVV, SSO) or the inverse of the index move (QID, MZZ, SDS).These pairs are supposed to be opposites, but meeting the 200% target must be tougher than it looks:

QQQQ: + 1.12%
QLD: 64.67 +1.17 +1.84% 217,500
QID: 73.20 -1.50 -2.01% 374,900

MidCap 400: +0.65%
MVV: 71.63 +0.60 +0.84% 47,200
MZZ: 72.65 -0.92 -1.25% 54,700

S&P: +0.60%
SSO: 73.70 +0.56 +0.77% 73,200
SDS: 69.69 -0.82 -1.16% 137,800

Or maybe there is somebody arbitraging the heck out of this stuff!


Comments

Name

Email

Website

Speak your mind

Archives

Resources & Links

Search