So FXL is one the one hand getting a double negative squeeze...

So FXL is one the one hand getting a double negative squeeze through both the retail and banking sector sell off's. On the other it is a relatively small cap and someone in the know could be leaking ahead of a downgrade and let's face it, they have form in this regard.
It's strategy to re-position itself as a growth stock is understandable (increasing retention rate and reducing divvy), but in the current environment is ill-advised and also weighing on sentiment.

Being a perennial bull, I'm sorely tempted to get in, but the sellers still seem to have the upper hand and with little sign of support might just hold off.

Good Luck

Wazz