181.020High169.810Low695.70KVolume177.360Open176.060Pre Close121.49MTurnover29.48%Turnover Ratio--P/E (Static)2.36MShares326.80052wk High--P/B413.38MFloat Cap23.44052wk Low--Dividend TTM2.36MShs Float326.800Historical High--Div YieldTTM6.37%Amplitude23.440Historical Low174.631Avg 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