Replies to post #511 on ProShares Ultra Short Silver (ZSL)

[eddyimano]

Yes, you are right it is not decay. Something is not right. It is not safe to own this ETF. I short ZSL anyway, so I am happy. Who created ZSL?

[zsvq1p]

This ETF seeks a return of -200% of the return of a benchmark (target) for a single day. The key being single day. I have not looked at this ETF close, but I know the same holds true for Oil and UCO, USO. They meet the objective of the ETF. No crooked stuff going on.

So when you hold this overnight and futures are trade in other places in the world, the gaps are gonna get ya.