RE:WhyI agree; HVU is laggin' the VIX right now. I think people are simply not bidding because the price is just too scary < $5. Asides from ETFs having to be split when the basic unit of 1/2 a cent can't reflect a 0.01% change in an index, etc., psychologically, things below $5 are never appealing either, so a split right now could help HVU. Looking back, you often see HVU split before a spike in price, and, that occurs around $2.50'ish.
I don't know whether I believe HVU is gong to the $10 area, but I do think (if this is in fact the beggining of a run) this will probably double from the recent $3.92 low (at least move to the $6.00 area). Big volume on the last two hourly candles. Let's hope for a VIX tick to 20, which should bring HVU to ~$8.60.
~Cheers,