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Leveraged ETFs bearish on stocks lure EUR 5.2 billion in April

Stock bears rushed into leveraged ETFs this month, with inflows heading toward a record.

Exchange-traded funds that use leverage to short equities have lured EUR 5.2 billion (USD 5.6 billion) so far in April, according to data compiled by Bloomberg. The influx is already the biggest since at least 2013, and defies a surge in equities in the span.

ProShares Short S&P 500 ETF, or SH, which seeks results that correspond to the opposite of the performance of the U.S. stock benchmark, is on pace for record monthly inflows. Similar funds ProShares UltraPro Short S&P 500 ETF, or SPXU, and Direxion Daily S&P 500 Bear 3X Shares ETF, ticker SPXS, are also heading toward their best month ever.

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