This article explains quite well the way leveraged ETFs work. Interesing to see how the daily rebalancing is actually very beneficial for some strategies. https://tradingmatex.com/leveraged-etfs/
https://screener.fidelity.com/ftgw/etf/goto/snapshot/commentaryArticle.jhtml?symbols=SOXL&dockey=1460-c9a9093b59f06cc90b18ebc3af8567ec-5EDOMLPS5UM1QHCT2G5NA7JJJL&provider=ETF Database https://stockcharts.com/freecharts/...,FNGO,WANT,HIBL,SOXL,RETL,EURL,QQQ,SPY|B|null