🔴 DLLL is trading 88.7% down today after an 8-for-1 share split and weakness in Dell Technologies

DLLL is trading 88.7% down today following an 8-for-1 forward share split and negative sentiment surrounding its underlying asset, Dell Technologies.

• The price move is primarily driven by a mechanical adjustment as the 8-for-1 split took effect before the market open, increasing the share count while lowering the per-share price.
• The ETF is facing additional downside from a selloff in Dell Technologies, which is under pressure due to recent analyst downgrades and broader volatility in the technology sector.
• As a 2x daily leveraged product, DLLL amplifies the intraday price movements of Dell, resulting in outsized percentage losses during periods of underlying stock weakness.