Seeks daily investment results that correspond to two times (2x) the daily performance of the S&P 500 index. Provides leveraged exposure to the U.S. stock market. Now — the numbers.
The stock trades near its peak today. For long-term holders the ride has paid off so far — though past performance guarantees nothing about the future.
It pays out $0.45 per share each year — regular cash for whoever holds the stock.
This stock swings about 2 times as much as the market average. Big rallies — and big drops — can both happen fast.
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.