🔴 SRTY ETF (SRTY) is trading 5.3% down today as small caps rally amid broad risk-on sentiment

SRTY ETF (SRTY) is trading 5.3% down today as small-cap stocks rally alongside stronger U.S. equity futures and broad risk-on sentiment.

• The decline is mechanically driven by the fund's -3x inverse exposure to the Russell 2000, which is gaining ground as investors rotate into risk assets.
• Gains in the S&P 500 and Nasdaq, coupled with contained volatility, are supporting the broader move into small-cap equities.
• With no major economic releases today, the price action reflects a rebound in small caps and follow-through from recent market strength rather than fund-specific news.