149.185High131.770Low934.66KVolume149.150Open151.830Pre Close129.27MTurnover38.78%Turnover Ratio--P/E (Static)2.41MShares326.80052wk High--P/B331.62MFloat Cap23.44052wk Low--Dividend TTM2.41MShs Float326.800Historical High--Div YieldTTM11.47%Amplitude23.440Historical Low138.308Avg Price1Lot Size
105564271 : why is it not 2x?
10baggerbamm OP 105564271 : okay so leverage ETFs can trade at a discount they can trade a par they can trade it a premium at any point in time based off of the prior close based off of the buying that's taking place at any point in time so if you have a lot of Sellers as an example in a levers ETF it potentially would trade it a discount relative to the 2X if you calculate the common stock versus ETF so if the commons up 2%, they should be up for but if you have a lot of people selling the leverage ETF it might only be up three and a half.
on average it works out on any particular day it could be at a premium par or discount
10baggerbamm OP 105564271 : okay so leverage ETFs can trade at a discount they can trade a par they can trade it a premium at any point in time based off of the prior close based off of the buying that's taking place at any point in time so if you have a lot of Sellers as an example in a levers ETF it potentially would trade it a discount relative to the 2X if you calculate the common stock versus ETF so if the commons up 2%, they should be up for but if you have a lot of people selling the leverage ETF it might only be up three and a half.
on average it works out on any particular day it could be at a premium par or discount
105564271 : thks a lot for yr info
10baggerbamm OP 105564271 : no prob .. here to help