SDS vs ES

[thegazelle]

Quote from Nofear777:

Nobody knows. These etfs are broken, and ripoffs...

Just think, if you got long sds last night (which I was but covered after the GS news), you see the futures and you're not worried..

The only option is to open a futures account and trade on that...which is my plan..

How many times are you going to go around spouting this? Please, I implore you, find another "broken" ETF please. Learn how to find or calculate the intraday value and about dividends before you constantly spout this crap.

 

[mgookin]

Quote from FGBS:

A bit boggled never really looked at the short proshares before. Today SDS is down 5.85% from 73.xx to 69.xx and the ES went from 1188 to 1191.5.

Can someone explain to me how this is possible? Is the a daily nav adjustment or something of that nature?

Cheers for any hints

The SDS and ES have different closing times. You're seeing change in SDS from 4pm to 4pm and ES from 5:00 to 5:00. Last night between 4pm and 5pm there was a 12 point move in the ES. Maybe that's what's causing the discrepency.