Thanks for the tickers. Unfortunately, my IRA won't allow those, but good for my taxable account. Thanks.
I would suggest you have a look on how ETFs work. As already mentioned it’s true they have double returns.
This was an amazing inefficiency and great free money opportunity. It was off it's NAV over 20% and corrected reasonably quickly after. Surprised it took the week though to level out. Surprising there is free money like this sitting out there.
These inefficiencies usually only happen in illiquid markets or the closed end funds. I'm still amazed that people went from UGLD to DGP and not to UGL considering UGL is a very old ETF started by the pioneers of leveraged ETFs -- ProShares. I used to trade the SKF ETF (-2X XLF) back during the last crisis when the banking stocks were tanking in 2008.