The Traderszone Network

Published in TZ Latest News 18 May, 2017 by The TZ Newswire Staff

What happens if the underlying of a 3x ETF drops more than 33% in a day?

Obviously it’s a black swan even but what happens to UGLD is GLD drops over 33% in a single day?

UGLD is 3x GLD so a 33% drop in GLD = a 100% drop in UGLD.