🔴 SPXS is trading 3.2% down today as major U.S. indices rally on risk-on sentiment

SPXS is trading 3.2% down at $25.71 as major U.S. indices move higher, reflecting a risk-on sentiment that pressures bearish leveraged ETFs.

• The S&P 500, Nasdaq, and Dow are all up more than 1%, driving the decline in the inverse fund.
• The move is consistent with broad index performance rather than any fund-specific catalyst.