You guys are invested in this 2X etf obviously without doing research on how the leverage works. It does not matter how the underlying CRE index performs... there is DECAY built-in the system. For 2X the decay is on average about 0.2-0.3% per day!
See the 3X etf's such as FAS or FAZ, the decay is even worse at about 0.5% per day! The bigger the leverage the faster the decay. Check out the charts and see what you're getting in for.
No. This is a trading etf not for long term hold. It will decay over time! Even when you're right, your investment will slowly erode away. If you believe in a commercial real estate comeback, hold stocks... such as TCO, SPG, BXP, etc.