May. 1 at 6:03 PM
$POEL $POET Leveraged ETFs aren't made because people are bullish. There is just volume and volatility to make money from. This volatile stock's ETF will lose a lot of value just going sideways, and will capture a lot of bulls trying to "make their money back quick". It acts as a liquidity pool for big institutions by creating a large bid they can ask out of in the options market. The news is neutral at best, slightly bearish short term