I just tried to buy a couple of bear ETFs through Fidelity. The first one, Direxion Daily Russia Bear 3X Shares (RUSS) returns a “symbol not found” error whereas I just traded it a few weeks ago. It still shows up on Yahoo Finance and web searches say nothing about it having been closed.
The second one is DB Crude Oil Double Short ETN (DTO), Fidelity recognizes the symbol but says I cannot trade it online, I have to call a broker.
Remember a few months ago when I posted about the SEC limiting access to leveraged funds? Looks like brokers may have decided on their own to do so.
It reminds me of the GFC when they banned shorting on financial stocks. Can’t let the little guy take any of this money kind of thing.
Is anyone having this problem at other brokers?