Gamble of the week: Profit from a fall in US stocks

This leveraged exchange-traded fund is an interesting way of playing a sudden reversal in US stocks, says Tim Price. But it's not for the faint-hearted.

ProShares UltraPro Short S&P 500 ETF (NYSEP: SPXU)

This leveraged exchange-traded fund, available on the New York Stock Exchange, targets returns corresponding to three times (300%) the inverse of the daily performance of the US' benchmark equity index, the S&P 500. It is really only suitable if you think that US equity markets are long overdue a correction and that a fairly dramatic one will happen soon.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
MoneyWeek

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.