Does anyone actually buy to hold this thing?I've been watching this ETF for about two years now and I've only once seen this thing do something bullish (went from ~$30 to $100+) It stayed around $100 for a few months, then it TANKED all the way down to like $3.00, Reverse split 10:1, crawled down to about $5, reverse split 10:1 again, crawled down to about $5 again, then here we have the 3:1 Reverse split.
This seems like a shorters wet dream(only reason I havent is because I invest via TFSA and they dont allow shorting)
If you managed to short this thing at $100, you'd only have to pay back around $45 for every $100,000 you made.