Many Traders Remain Bearish on Energy ETFs
December 12, 2019 at 08:00 AM EST
Among sector ETFs, the Energy Select Sector SPDR (NYSEArca: XLE), the largest equity-based energy ETF, and rival energy funds have been duds this year and while there is some chatter that the downtrodden sector can rebound, other traders aren’t convinced that energy stocks will bounce back anytime soon.