We know there has been no shortage of commentary written about the issues surrounding leveraged ETFs, but today's premarket trading in the financial sector triple leveraged ETFs from Direxion had us scratching out heads. As shown below, the triple leveraged bullish ETF (FAS) is trading up 4 cents, or 0.70%. At the same time, the triple leveraged bearish ETF (FAZ) is trading up 1.41%. Both ETFs are based on the same index, except that one is supposed to track the index while the other tracks the inverse of the index. We realize that trading can be volatile in the pre-market, but FAS has already traded over 2 million shares and FAZ has traded over 400K shares, so it's hard to blame this anomaly on illiquidity.