There are other ultrashort ETFs on the other indicies and sector indicies as well.
I don’t trade them, but I read somewhere that one must be careful because of how the ETF is computed. It is only a “direct”, leveraged reverse correlation apparently on a daily basis and on a longer term the reverse correlation could break down to a point.
For instance if QQQQ tanks 10% over a period of weeks, one would expect QID to be up 20%. However this might not be the case, it could be much less. (The exact mechanics if this I don’t know) Just a heads up on that.
But a very interesting product all the same under the circumstances you mention RK.
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