The debate about whether members of the U.S. Congress should be allowed to buy and sell stocks often gains steam when questionable trades are made and shared publicly.
A leading member of Congress continued his trend of recent years betting against the stock market performance.
What Happened: No stranger to betting against the performance of the stock market, Sen. Thomas Carper (D-Del.) cashed out from one of his bearish positions and entered a new one.
"Senator Carper is short the market through an ETTF called $HDGE and therefore short America," a tweet from @congresstrading said.
The filing shared showed Carper sold his positions held in the ProShares Short QQQ ETF (NYSE:PSQ) on Oct. 20. The transaction totaled sales of $3,000 to $45,000 according to the filing.
Along with the sale, Carper also disclosed purchasing up to $45,000 in AdvisorShares Ranger Equity Bear ...Full story available on Benzinga.com
Related tickers: PSQ, HDGE.
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