What is the unit net value of ETF, and what is the difference between unit net value and price?
A leveraged ETF is a fund product, and each unit of the leveraged ETF product corresponds to a corresponding share of the fund, and the dynamic actual value of the share is the unit net value of the leveraged ETF product.
Since the product is actively trading in the secondary trading market at the same time, the latest transaction price may deviate from the unit's net value. I hope investors can realize that the price you buy / sell should not have a large deviation from the unit's net value, otherwise in theory you Will suffer corresponding losses.
At the same time, when the net worth price is lower than a certain threshold (0.05U in the initial stage), the platform will perform a consolidation operation on the variety (change the net worth price to 10 times before the merger, but the corresponding quantity will also become 1/10 before the merger, The user's total assets will not be affected in any way) to improve the sensitivity of price changes and optimize the trading experience.
Disclaimer: Leveraged ETFs are emerging financial derivatives. The above does not constitute investment advice. Please pay attention to risk control. Leveraged ETFs greatly reduce the risk of strong liquidation, but in extreme conditions, there will be risks of approaching zeroing and liquidation. Please pay attention to the difference between net value and price to avoid suffering losses.