Do you know what is the makeup of TMV? If the market would reverse to the same interest rates as when this etf was over 500 do you know what price this etf would be? Does anybody? I think both answers are no.
1:5 reverse split at close 11-9-11. Since TMV has significant price decay because of leverage (3X), it would be hard to project, since timing of a drop or climb in interest rates is not know precisely.