To my surprise I got dividend on my SDS position. I assume that the dividend is the interest on the purchase money, since I am long SDS and SDS is 2xsort S&P500. Am I getting it wright? Can somebody elaborate, please. Agras
It isn't really a dividend. Leveraged/short ETFs invest most of their money on T-Bills, and a small part in long/short index futures, accordingly. So you really got some T-Bill interest.