SVXY has not fallen from 600 million about a year ago to about 300 now. Actual dates are:
4/11/14- about 200 million
8/7/14- about 300 million
10/28/14- about 580 million
3/4/15- about 400 million
3/24/15- about 290 million
what has caused the large falloff in about 6 months?
I looked at the VIX and it was 14.39 on 10/28/14 to todays low price
I looked at SPY and we went from 196.96 to todays price
I believe that the fall has to do with the 3 major dips that SVXY had from June 2014 to erly this year. People now realize that their is no free lunch and are not willing to hold this on a long term basis.
I believe this is now more of a swing trade than a core holding.