Quote Originally Posted by steveaustin2006 View Post
Yes, it's leveraged. The volatility premium is a well known issue with leveraged etfs, but you can do a once a week rebalance to work around this. See here for one comment on the solution.
what a pita. it's so much simpler to either buy twice as much or even buy a double position on margin, or use futures if you want leverage. why bother?