So about a month ago I was looking at leverage stocks to buy, and this one tracked the DOW, tickers $WEBL and $WEBS. They said the leverage was 3x, but when the stock was down 1%, the leverage changed by 6x, meaning it was up/down 6%. Why is that? It advertises a 3x leverage but it's actually 6x??? It wasn't like that for that particular day. It was every day.
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