BBUS is now up only 5.86% after a 3.75% decline in the S&P 500 which it inversely tracks.
I know this can can rebalance at times but this is 3 days in a row where it has totally underperformed it's objective. This should be up between 7% and 10.3% today. Yesterday it was off what it should be by about 3%. So it should be up 10 to 13% over 2 days but is only up 4%. Currency changes can not alter it this much.
Totally screwed manipulation.
'(as measured by the S&P 500 Index). The Fund's exposure to movements in the U.S. share market can be expected to vary between 200% to 275% short. Therefore a 1% fall in the U.S. share market on a given day can be expected to deliver a 2.0% to 2.75%'