It does what it's supposed to do. I recommend checking out the literature on Betapro's site. Make sure to read up on the compounding leverage effect. General opinion is that leveraged ETFs are suitable for short term trading vehicles only.
I also wrote about it: http://www.wheredoesallmymoneygo.com/double-exposure-exchange-traded-funds/
and
http://www.wheredoesallmymoneygo.co...-tracking-the-same-index-can-both-lose-money/
I also wrote about it: http://www.wheredoesallmymoneygo.com/double-exposure-exchange-traded-funds/
and
http://www.wheredoesallmymoneygo.co...-tracking-the-same-index-can-both-lose-money/
