Dec 2012Patterns and history.
Keep that date in mind. The dow did a nice drop right to the new year before running right into May 2013. Theb VIX and HVU did a nice move up right to Dec 31 then dropped into Jan. Of course the HVU kept dropping as the VIX tried to hold a 12.50 bottom. That is until the over bought DOW and S&P corrected in Oct sending the VIX to 31.06 and into the 2011 trading area for the vix where it ran as high as 39.25 in a nice 2 month high.
Of course the HVU and all it's rollbacks (since Dec 2012)1 for 4, 1 for 4, 1 for 5 made (64,320.00) 8000 shares at 8.04 Dec 31 2012 end up with 100 shares worth 9.88 here recently or 988.00.. a 63,332.00 loss over the past 25 months ... You hold this baby (HVU) too long and you die a slow death.
If you had shorted those 8000 shares in Dec 31 2012 you would have had in the millions Dec 5, 2014. (not sure if one can short this or not but if one could big $$$. )
I said that to say this. HVU is not for the faint of heart. With it's 1 one for 10 and 2 one for 4 and 1 one for 5 rollbacks since inception in 2010(all of the rollbacks were from July 2012) it's present 1,672,156 shares or a mere pitance from the number they once had to trade.
The vix was up nearly 5% after hours. HVU will play catch up this morning. Dow futures down nearly 100 pts this morning. Looking more and more like sept 22-Oct13 move with us only in the first week. Dec could be rougher than the experts think.