Hi guys just wondered the day the sp500 was up 5% bbus should...

Hi guys just wondered the day the sp500 was up 5% bbus should have gone up 12% the 2.5x leverage, yet it barely went up 1-2% why was that?


This opening on Monday the sp500 was up 3.4% so bbus should be down like 8% minimum, yet it probably won't be

Can someone tell me why that is?
Why doesn't bbus exactly match the 2.5x leverage it says it should, I understand about the 1.38% management fee, but some days bbus doesn't even come close to the 2.5x sp500 leverage it claims to have