BBUS is supposed to do the opposite (inverse) of the S&P 500 FUTURES each day between 2 to 2.75 times leverage depending on gearing. Currently gearing is 2 times therefore BBUS should inverse the SP500 futures by 2 times. I have been checking the tracking each day at exactly 4pm as advised by Betashares and have found it can be all over the place.
Today the tracking is not bad at 1.835 times the sp500 futures. However as I mentioned it can be way out on any day for which I can find no explanation. Sometimes the SP500 futures are up over the 24 trading period (4pm to 4pm) and BBUS is also up at 4pm close (or vice versa) which makes no sense.
BBUS is supposed to do the opposite (inverse) of the S&P 500...
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Last
2,958.8 |
Change
17.070(0.58%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 2,958.8 | 0.00 | 0.00 |
| SP500 (INDEXSP) Chart |
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