The fund invests at least 80% of its net assets in financial instruments, that, in combination, provide 3X daily leveraged exposure to the index, consistent with the fund's investment objective. The index measures U.S. companies in the home construction sector that provide a wide range of products and services related to homebuilding, including home construction and producers, sellers and suppliers of building materials, furnishings and fixtures and etc. It is non-diversified.
$NAIL with inflation, higher interest rates, more difficulty to purchase homes, and home sells are in trouble time. I wouldn’t want to invest in this stock yet. It’ll keep going downhill. IMO