Provides leveraged inverse exposure to the Russell 2000 Index. Aims to deliver three times the inverse of the daily return of the index. Now — the numbers.
An investor who bought at the very peak is down 92% today. The business is the same; what changed most is the price — and the expectations — the market pins on it.
It pays out $1.91 per share each year — regular cash for whoever holds the stock.
This is a fund, not a company — there are no company accounts here to point to a risk. What it holds is what it is.
We grade companies — revenue, margins, balance sheets. This is a fund, so there is no report card to give. That is not a low grade; it is a different kind of thing.
One-line summary: a basket, not a business. Judge it by what it holds.