🔴 Brent 2X ETC (BRE2L.MI) is trading 31.82% down despite Brent crude surging above $100

BRE2L.MI is trading at €51.20, down 31.82%, despite Brent crude surging above $100.

• Brent settled at $101.21 on September 9, up 3.4%, after U.S.-Iran attacks on oil tankers intensified fears of Middle East supply disruptions.
• Reuters reported another major tanker-attack wave on September 10, pushing Brent and U.S. crude above $100.
• The ETC’s decline appears inconsistent with its stated daily long exposure and may reflect stale, adjusted, or erroneous pricing.