I'm trading this strategy using FAA, the airline ETF. However, Guggenheim just closed the fund last Friday. Bummer! It only had 23 million in assets so they baled on it. Now there is no ETF to trade this strategy.The last trade has been a big winner, up about 40% since a buy in October. Unfortunately with the fund closing, Guggenheim sold out on Friday. Of course, the XAL has continued to soar this week but I am out, trying to decide which individual stocks to trade with this.The XAL is an equal dollar weighted index of 14 stocks, rebalanced quarterly:Republic Airways Holding Inc RJETHawaiian Holdings HA Ryanair Holdings Ads RYAAYGol - Linhas Aereas Inteligentes S.A. GOLAlaska Air Group Inc ALKLan Airlines SA LFLJetBlue Airways Corp JBLUDelta Air Lines Inc DALCopa Holdings SA CPASkywest Inc SKYWSouthwest Airlines Co LUVUal Corp UALUS Airways Group Inc LCCAMR Corp AAMRQFAA had 45% of the fund in DAL,UAL and LUV so it wasn't exactly tracking XAL, but it was close enough.
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