Yen carry trade, as represented by the ProShares UltraShort Consumer Serv (ETF) (NYSEARCA:SCC) is collapsing below both its lower Bollinger Band and its 50-day moving average — the most significant downtrend initiation since June. The scramble to cover positions funded by yen carry trades is why the selling is so frantic. ProShares UltraShort Consumer Serv (ETF) (NYSEARCA: SCC) stock opened at $19.73 in last session, and closed at $19.59, while the day range of stock is $19.55 – $19.73. The stock showed a positive weekly performance of 2.13%.
Crossroads Plaza in Cary, one of the region’s largest outdoor shopping centers, has been put on the market for sale, and New York-based Kimco Realty has emerged as the leading bidder. Kimco Realty (NYSE: KIM) already owns two of the retail buildings within Crossroads Plaza, the ones occupied by Dick’s Sporting Goods and Bed Bath & Beyond, plus 11 other shopping center properties in the Triangle. Kimco Realty Corp (NYSE:KIM) stock opened at $20.71, in last session and closed at $20.84, by gaining 1.36%. The 52 week range of the stock is $19.22 – $25.09. Company’s market capitalization is $8.54 billion.
ProShares UltraShort Consumer Goods (ETF) (NYSEARCA:SZK) seeks daily investment results that correspond to twice (200%) the inverse (opposite) of the daily performance of the Dow Jones U.S. Consumer Goods Index (the Index). The Fund intends to invest at least 80% of its net assets, including any borrowings for investment purposes, to investments that, in combination, have economic characteristics that are inverse to those of the Index. ProShares UltraShort Consumer Goods (ETF) (NYSEARCA:SZK) stock decreased -1.28% and finished the last session at $38.32. Company’s market capitalization is $4.35 million.
Transurban Group (ASX:TCL) is a toll road developer, operator and owner. The company is one of the hottest toll road operators in Australia. TCL needs no introduction to investors that have been tracked it for the past two or so years. Transurban Group (ASX:TCL) stock opened the session at $6.87, and closed the session at $6.90. The 52 week range of the stock remained $6.03 – $7.31 and the day range was $6.84 – $6.92.
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