FAS down $1.95 today and FAZ up $1.72FAS has a lower price. A big difference in percentage!
Because even though they are pegged to indexes... excessive bid/ask still effects the stock price.Even if it's only WORTH 10.00, I might have to pay 10.10 or so to get somebody to sell, right? Dig?In other words, more people were selling FAS more rapidly and taking a bit of a discount to get rid of it.
Have you ever read the Direxion prospectus on FAS and FAZ? They are not supposed to balance you piker. It is not zero sum.
get urself a better calculator, and check the pre-after hours too: fas -22.46% faz +22.89% as of now