Franck

ProShares UltraShort and UltraLong ETFs

Thanks for the article.

I think the Proshares ETF are not reliable.

Let's take the example of FXP. They are not double short but only 1.7 short.

The prices are very inconsistent.

For example:

I bought FXP on March 6th at 99. That day, FXI closed 135.66.

On March 24th, FXP was at 106.92 and FXI 128.35 (same as today).

Today FXP closed at 87.98 and FXI closed at 128.66