40.100High35.340Low2.45MVolume40.050Open41.030Pre Close89.59MTurnover82.44%Turnover Ratio--P/E (Static)2.98MShares51.77352wk High--P/B110.58MFloat Cap27.41052wk Low1.00Dividend TTM2.98MShs Float51.772Historical High2.68%Div YieldTTM11.60%Amplitude16.085Historical Low36.529Avg Price1Lot Size
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https://www.moomoo.com/community/feed/113135188377606?share_code=01vzMj My losing Leveraged ETFs
At that time, 2 of the 3 ETFs ( $GraniteShares 2x Long NVDA Daily ETF (NVDL.US)$ and $Direxion Daily GOOGL Bull 2X Shares (GGLL.US)$ ) I invested were in red. The one that was making money ( $GraniteShares 2x Long META Daily ETF (FBL.US)$ ) was only gaining 1.7%.
F...
That being said, if you google about leveraged ETFs, you will see the red flag as below immediately.
Leveraged ETFs decay due to the compounding effect of daily returns, volatility...
I buy leveraged ETFs that give 2X or 3X returns during this period of time. Instead of buying the stocks, these kind of ETFs can double or triple your gain.
Caution ⛔️ : the loss will also be 2X or 3X when the market turns bad. A 30% drop in a stock in a day will translate to an almost complete loss of the ETF. It’s not for the faint of heart. Watch out for the risk. So I only invest a small portion of my portfolio in the...
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