I have used both these BetaShares to help 'hedge' any bullishness in the XJO. In more recent times I have concentrated on BBOZ as this is ~ 3 x 1 XJO ETF, i.e. ~ it will rise 3 pts for every pt fall in value of the XJO.
HOWEVER, I noticed today that BBOZ GAPPED down in value on open some 234pts(or ~ 8%) suggesting the XJO was going to rally today to about 5886 ... RUBBISH!
Haven't been able to established why this was so; can't find any news on a 're-rating' or stock adjustment etc and wondered if any other readers /participants can shed any light on WHY.
Just so glad personally to have exited my holdings yesterday as I would have hated to have held over for today's perceived value. What I really want to know is whether this is sort of 'activity'(by Market makers?) is going to become the norm for BBOZ .
