The curious case of leveraged ETF
February 19, 2009
FAZ Direxon Financial Bear 3X
FAS Direxional Fianacial Bull 3X
One month returns using
100 * (C - C21) / C21
FAZ: -0.81% c1=62.61 c=62.10
FAS:-54.41% c1=12.81 c=5.84
Lot of people do not understand how these leveraged ETF work. The bearish leveraged ETFs can have strange moves.
FAS Direxional Fianacial Bull 3X
One month returns using
100 * (C - C21) / C21
FAZ: -0.81% c1=62.61 c=62.10
FAS:-54.41% c1=12.81 c=5.84
Lot of people do not understand how these leveraged ETF work. The bearish leveraged ETFs can have strange moves.
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