Description

This exchange-traded fund (ETF) aims to generate daily investment outcomes that are double the inverse (opposite) of its benchmark index's performance. This index is specifically constructed to track the value of physical silver through the use of front-month futures contracts. The fund's exposure to these contracts is systematically transitioned from the active contract to the subsequent one over a four-day period. Given its leveraged design, this investment vehicle is not suitable for long-term holding, and its amplified returns should not be expected to reliably reflect the stated leverage for periods exceeding a single trading day.