Is there any difficulty in getting shares to short with these ETF's?And I'd add to that: is there any cost? As I recall, even when some stocks are shortable, a select few of them can have a pretty heavy borrow cost. And often the stocks with the heavy "hard to borrow" fees are the leverages ETFs. I think it's precisely because people have found out how to profit by shorting pairs.An example at IB (http://ibkb.interactivebrokers.com/node/1146) gives a fee of 50% annualized. Now that's just a meaningless sample number, but it's interesting to note that it's roughly equal to the strategy's CAGR. Ah, just found a real (if old) example: FAS had a 24% in 2009 (http://wheredoesallmymoneygo.com/hard-to-borrow-fees/). Not as bad as 50% but it still makes a big - and sure - cut in returns.The really pesky thing is that this is something we can't backtest. Short screens are already hampered by not knowing what stocks were shortable in the past, and I think the leveraged ETF situation just makes it even harder.- Jamie
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