Long Position on SEF @ $23.50 on 10/15/2018 (Fundamentals)

This ETF  (SEF) offers inverse exposure to an index comprised of U.S. financials equities, making it a potentially attractive option for investors looking to bet against this sector of the U.S. economy.

It's important to note that SEF is designed to deliver inverse results over a single trading session, with exposure resetting on a monthly basis. Investors considering this ETF should understand how that nuance impacts the risk/return profile, and realize the potential for "return erosion" in volatile markets.

SEF should definitely not be found in a long-term, buy-and-hold portfolio, but may be a useful tool for more active investors looking to either hedge existing exposure or bet on a decline in U.S. financials securities. 

Entry Point: $23.50

Stop Loss: $22.32

Trading Range: $21.68 - $24.58

Target Price: $25.00

Updates

12/21/2018 9:55:05 AM

SEF closed at $25.84

Position closed on 12/21/2018 at price of $25.84 with a 9.96% gain in 67 days.

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