Price of SOXS since inception. Price in 2012 is not a typo.
Adjusted for reverse splits, shares declined from 11.1m to $3.
Eleven million, one-hundred thousand dollars became three dollars in twelve years.
Bear etf funds do not contain equities. They consist entirely of futures contracts, which suffer time decay and expire.
This is the effect of time decay on short sale of futures in a rising market.
Can you make money on SOXS? Sure, if you buy it the day before a crash. Good luck with that!
Other lousy ETFs include UVXY, SPXS, TZA, SDOW, SQQQ.
But Sawbucks, just last month you posted you were buying some of those?!
Yes, you buy them when market is extreme overbought condition and hold for no more than a week.
One day is often long enough.
These are NOT investments, they are purely speculative high-risk instruments. After just a week in these etfs you can notice the time decay, you will see index return to a price it held last week, but the bear fund will be a nickel or even a dime less than it was at the same price.
DO NOT HOLD LONG-TERM!!