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Not all 'v' shaped recoveries are the same. Some investors bought the dip via leveraged instruments, but it did not quite work out as anticipated. In today's article we are going to deal with the ProShares UltraPro Russell2000 ETF ( URTY ), a leveraged take on the Russell2000:
ProShares UltraPro Russell2000 seeks daily investment results, before fees and expenses, that correspond to three times (3x) the daily performance of the Russell 2000® Index.