$ProShares Ultra Bloomberg Natural Gas (BOIL.US)$ Let's do s...
$ProShares Ultra Bloomberg Natural Gas (BOIL.US)$ Let's do some Proshares reverse stock splits calculation since the inception. Let's say u have 10,000 shares and went thru 5 reverse stock splits.
10,000 = 1:5 = 2000
2000 = 1:4 = 500
500 = 1:5 = 100
100 = 1:10 = 10
10 = 1:20 = 0.5
Your 10,000 shares became 0.5 fractional share.
Worth 0.5x$24.4(26/1/24)=$12.2 today's value
This ETF also doesn't have a dividend. The worst ETF.
10,000 = 1:5 = 2000
2000 = 1:4 = 500
500 = 1:5 = 100
100 = 1:10 = 10
10 = 1:20 = 0.5
Your 10,000 shares became 0.5 fractional share.
Worth 0.5x$24.4(26/1/24)=$12.2 today's value
This ETF also doesn't have a dividend. The worst ETF.
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嘟嘟0514 : Indeed, I don't even understand why so many people are still doing this. I think they are all duvet covers. They are not satisfied, and then there are more and more covers. Never superborn.
70230996 : 1 This can be used as a hedge2 This IV is very expensive and can be arbitraged
This ETF has been around for a long time. Being able to exist for so long is worth it
高進 GoG : Yes, if you are dumb enough to let it rot. Sold covered calls would earn back more than the cost of shares; besides, you are not suppose to hold any leveraged etf more than 3 months.
KingJimmy : This is a futures ETF so you lose on the roll. Thats just how it works in contango markets similar to VIX. If you dont understand the fundementals, dont trade this.