IT WAS "DESIGNED" TO FAIL MORONS, READ THE PROSPECTUS
The FRONT PAGE SAYS EXACTLY THAT! Why are you all crying when UVXY IS DOING EXACTLY what the Issuer said it would! Look at TVIX ... same story, it will be in the $11 by Friday and single digits next week. It will also Reverse Split so that the Issuer can generate Transactional Fee Incomes and keep it 'listed'.
I ran a confluence ( where TA converge ) Support came in at 0.00 with confluence at 253. I never saw a reading that high. That means as Hedge Funds know. It is only a short trade, maybe a 1 -3 day long trade but that is it. Numbers don't ever workout on any 2-3 inverse fund. It is a mathematical certainty to go down.