Leveraged ETF's

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27th Aug '20 by Pineapple

3 comments 268 reads

Could someone please shed understanding on why Netflix shares are down today 2% and yet 2NFL a two times Long fund shows them to be up by 2.24% on the day. (It has been that way pretty much all day). Thanks

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Pineapple

Premium Member

3 comments

dmjram

27th Aug '20

Netflix closed on the Nasdaq at 2100 UK time last night. 2NFL stopped trading at 1630 UK time.

Hence trading in 2NFL today on the LSE will reflect Netflix price movements post 1630 last night on Nasdaq plus any movements on the Nasdaq between 1430 (Nasdaq opening) and 1630 (LSE close) today.

Pineapple

27th Aug '20

Thank you, for your concise and clear explanation that explains the discrepancy, and thank goodness I did not get trigger happy with the buy button.

Pineapple

27th Aug '20

Thanks again.

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Leveraged ETF's

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Pineapple

3 comments

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