Hello all,
I'm having a little confusion over an ETP I purchased. I bought a 3x leverage short on ARKK as an ETP (https://live.euronext.com/en/product/etfs/XS2399368906-XAMS/-3x-short-arkk/sarkk/quotes). This was when ARKK was at $66. Now ARKK is at $60 so roughly a 10% drop, therefore my ETP should be up 30%. However, it is only up about 2% at this point. Does anyone know why this is?
Thanks
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