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Can triple leveraged ETFs go to zero?

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"There is a way to actually go to zero, although very unlikely," he said. "If you have, say, a 3x- leveraged fund and the market goes down by 34 percent that day—the fund is done." If oil prices drop by more than 33.33 percent, UWTI will lose 100 percent of its value and holders will be completely wiped out.
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