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S&P 500 futures did not fall quite as hard as the other day. I...

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09/02/18

11:56

Post #: 30942748

Originally posted by West Coast ↑

Column 1 Column 2 Column 3 Column 4 Column 5

1 mce-anchorBBUS 5.600 +0.310 +5.86

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%'

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S&P 500 futures did not fall quite as hard as the other day.
I wonder if BBUS tracks that through the day more than the index itself.