How Did the Old -1X SVXY Work

Update  As of February 28th, 2018 SVXY will target -0.5 leverage instead of -1X.  This change was in response to the events of February 5th, 2018 when a massive VIX futures spike occurred in the last 30 minutes of trading, probably in part due to the rebalancing required by the 2X UVXY and -1X SVXY funds.  This change to SVXY will reduce its rebalancing requirements …

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