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it is just and exchange traded fund that replicates the xlf index except instead of having 1 for 1 upside exposure it has 2 for 1 downside exposure (i.e. if xlf goes up 1% SKF goes down 2%)
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It is no they, as the security to not represent an actual company
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SHORT OR ULTRA SHORT INVERSE Business: The Fund seeks daily investment results that correspond to twice (200%) the inverse (opposite) of the daily performance of the Index. exchange-traded fund incorporated in the USA
Bad market times are great times for stocks which bet against various indexes in the stock market, I have compiled a list of the stocks that do well when the index does not.
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These stocks will produce as long as the bear market holds, my best guess is til about september.
Even in a bad market some days the market does well and these stocks drop in price, I normaly place a limit order and buy them cheap.
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A charity can and does make a profit despite what previous answerer says. If they didnt make a profitm, they could not survive from year to year.
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