QID is an US (AMEX) listed etf for the short side, chart below compares QID to the nasdaq-100. This US etf allows you to go 'long' stock to gain exposure to the short side of the us markets. The leverage should magnify the disparity bw the etf and the underlying, I haven't checked if it's actually twice that of the underlying as claimed. There should be other etf's which look to invert the returns or the major indices. Still doing research to see if there are any hidden costs or risks....(QQQ is the symbol reference to the long etf). Please share your knowledge or experience in this forum if you know more about these short etf's.
Price quote via: http://moneycentral.msn.com/detail/s...ote?Symbol=QID
From msn MoneyCentral:
QID UltraShort QQQ ProShares
The investment seeks daily investment results, before fees and expenses, which correspond to twice the inverse of the daily performance of the NASDAQ-100 index. The fund normally invests 80% of assets in financial instruments with economic characteristics that should be inverse to those of the index. It may employ leveraged investment techniques in seeking its investment objective. The fund is nondiversified.