Skip to main content

Even banks like the ProShares Ultra-Short Financial ETF

I recently visited the OwnershipAnalyzer.com site and did a little poking around to see who might be the largest investors in various ETFs.

It is interesting to note that the largest institutional holder in the ProShares Ultra-Short Financials (SKF) is the European bank UBS which at the end of the first quarter of 2008 owned over 318,000 shares.

UBS is not alone as other financial institutions on the list of owners, albeit with much smaller stakes, include Oppenheimer (not surprising since Oppenheimer is the home of the bank-bashing analyst Meredith Whitney), Jefferies and AIG among others.

Were these banks just hedging or taking a bearish stance on their own industry?

Even more extensive is the list of banks making bearish bets on real estate. In this case the ProShares Ultra-Short Real Estate ETF (SRS) is the chosen vehicle. On the list of institutional holders of this ETF we see positions held by Deutsche Bank, Credit Suisse, UBS, Citigroup, Goldman Sachs, Merrill Lynch, Jefferies, Wells Fargo, Bear Stearns and others.

Even as many of these financial institutions claimed the worst was over and the stock market began its climb to the May high, these companies were apparently expecting more negative fallout from the financial and real estate sectors and were positioning themselves accordingly.

I guess you can't fault them for trying to make money, even if it contradicts their public statements.

Comments

Anonymous said…
Gomen kudasai.
Anonymous said…
If im in the situation of the owner of this blog. I dont know how to post this kind of topic. he has a nice idea.

Popular posts from this blog

Brazil - in a bubble or on a roll?

A couple of years ago, no one recognized the real estate bubble even though it was under everyone's nose. Now, analysts and bloggers are seeing bubbles everywhere they look. One of them, they say is in Brazil whose Bovespa stock market index has doubled in the last 12 months. Does the bubble accusation hold water? I don't think so and here are 7 reasons why Brazil is by no means a bubble economy: Exports have held up over the past year thanks to demand from China for Brazil's soya exports and iron ore. This was helped by the the Brazilian government's drive to improve trade links with Asia and Africa. Export diversification, spurred by a more active trade policy and increased focus on "south-south" trade under current president Lula, helped mitigate the decline in demand from OECD (Organization for Economic Co-operation and Development) countries A "sensible" economic framework has been in place since the 1990's. This has included inflation

Trade Radar gets another update

Some of our data sources changed again and it impacted our ability to load fundamental/financial data. In response, we are rolling out a new version of the software: 7.1.24 The data sourcing issues are fixed and some dead links in the Chart menu were removed. So whether you are a registered user or someone engaged in the free trial, head over to our update page and download the latest version. The update page is here:   https://tradingstockalerts.com/software/downloadpatch Contact us if you have questions or identify any new issues.

Unlock Stock Market Profits - Key #1

This is the first in an ongoing series of articles where I discuss what I feel are keys to successful investing. It is based on a post that provides a summary of the ten keys that individual investors should use to identify profitable stock trades. ( Click here to read the original post ) There are two basic steps to investing. First, you need to find stocks that seem to have some potential. Then you have to determine whether these stocks are actually good investments. There are many stocks that at first glance look interesting, but further research reveals that there are too many negatives to warrant taking a position. This first post in the series starts at the beginning: getting good investment ideas. Key #1: If something special is happening to a stock, it will be reflected in some kind of unusual activity in the markets. As individual investors, we will never be the first to know; however, unusual activity can be an early sign that allows us to follow the Wall Street professional