The leveraged ETFs have a few extra footguns, don't they? Did you see that Direxion suddenly changed the ratios on a bunch of 3x down to 2x on March 31? Scary s

The leveraged ETFs have a few extra footguns, don't they? Did you see that Direxion suddenly changed the ratios on a bunch of 3x down to 2x on March 31? Scary stuff to me. https://www.marketwatch.com/story/direxion-is-accelerating-the-shifts-of-10-etfs-from-3x-leverage-to-2x-leverage-as-volatility-remains-high-2020-03-27?mod=investing https://www.marketwatch.com/story/direxion-is-accelerating-t... In 2009 a leveraged ETF trading at $100 ended up paying about $85 as a dividend (I think because it was excess profit by being long vol.) That would be an overnight tax hit if you are in the wrong type of account. I don't recall which one it was, maybe FAZ?