RE:RE:RE:RE:This Widowmaker Connn Tango! Remember, this is not a stock! The 52 week low means nothing for HVU. As I mentioned before this is because HVU will perpetually, infinitum, long term decay towards 0, zilch, nada, nothing.
It is down because S&P keeps going up. It's down more than 8x inverse to S&P because we are in deep contango of 6.27%. Until S&P goes down and contango retreats, this thing falls violently.
I am currently long HVU and am experiencing the same pain you and others holding are. I think HVU goes up soon however until it reverses it will move down violently as S&P keeps surprising and going even higher on Fed enthusiasm. That's the nature of a falling knife.
My own 2 trading rules are this: 1) Only trade things you deeply understand. 2) Only risk money you can afford to lose entirely.