BEZ is trading at $5.22, up 6.70%, as U.S. futures fall.
- BEZ is designed to deliver twice the inverse of the S&P 500’s daily performance, so weaker equity futures can lift it.
- President Trump rejected Iran’s proposal to reopen the Strait of Hormuz, pushing oil prices higher and reviving supply and inflation concerns.
- U.S. futures were lower amid technology weakness and renewed geopolitical risk; the Dallas Fed manufacturing index is due later on September 28.