$UVXY Falling below its ATL ($10.26). This chart is made up of three time series: 1) Actual $UVXY closes since leverage factor adjustment to 1.5x in late February 2018. 2) $UVXY closes from the 2x period (Oct 2011 inception through late Feb 2018) adjusted to 1.5x leverage. 3) $UVXY returns prior to inception based on underlying index (30-day blend of first month and second month $VIX futures which started trading in March 2004), assuming 1.5x leverage. Please note the logarithmic price scale ๐Ÿ˜ƒ... From 1 billion to $10 in 17 years, from 2.2 million to $10 in 9 years and 3 months. Ouch!!!
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