Long on Shorting Japan MarketI may be crazy which is why I will wait for confirmation by price. In my opinion the Japanese market will be the leader in a strong, steep decline in overall markets. IF that happens mind you. I don't take positions based on what I think will happen on what provides best risk / reward ratios. This i
Key stats
About ProShares UltraShort MSCI Japan
Home page
Inception date
Nov 6, 2007
Structure
Open-Ended Fund
Replication method
Synthetic
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
ProShare Advisors LLC
Distributor
SEI Investments Distribution Co.
EWV provides 2x inverse levered exposure to the MSCI Japan Index, which aims to capture the broad Japanese equities market. The underlying index comprises of market-cap-weighted large- and midcap Japanese firms which covers approximately 85% of the Japanese investable universe. The fund achieves leverage primarily through the use of swap agreements. As a geared product with daily resets, EWV is not a buy-and-hold investment, and should not be expected to provide index leverage returns greater than a one day period. EWV is the inverse version of its sister fund EZJ, which provides 2x long exposure to the same index. On the other hand, unleveraged exposure can be attained through iShares EWJ.
Related funds
Classification
What's in the fund
Exposure type
Cash
Bonds, Cash & Other100.00%
Cash100.00%
Top 10 holdings
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
EWV trades at 29.53 USD today, its price has fallen −3.45% in the past 24 hours. Track more dynamics on EWV price chart.
EWV net asset value is 29.56 today — it's fallen 12.04% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
EWV assets under management is 5.20 M USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
EWV price has fallen by −12.10% over the last month, and its yearly performance shows a −36.57% decrease. See more dynamics on EWV price chart.
NAV returns, another gauge of an ETF dynamics, have fallen by −12.04% over the last month, showed a −16.39% decrease in three-month performance and has decreased by −38.32% in a year.
NAV returns, another gauge of an ETF dynamics, have fallen by −12.04% over the last month, showed a −16.39% decrease in three-month performance and has decreased by −38.32% in a year.
EWV fund flows account for 1.12 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
EWV invests in cash. See more details in our Analysis section.
EWV expense ratio is 0.95%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
EWV is an inverse fund, meaning it's structured to generate returns opposite to the trends of the underlying index or assets.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, EWV technical analysis shows the strong sell rating and its 1-week rating is strong sell. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating EWV shows the strong sell signal. See more of EWV technicals for a more comprehensive analysis.
Today, EWV technical analysis shows the strong sell rating and its 1-week rating is strong sell. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating EWV shows the strong sell signal. See more of EWV technicals for a more comprehensive analysis.
Yes, EWV pays dividends to its holders with the dividend yield of 3.85%.
EWV trades at a premium (0.10%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
EWV shares are issued by ProShare Advisors LLC
EWV follows the MSCI Japan. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Nov 6, 2007.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.