Yes but MSTU is 2x vs 1.75x and has a lower expense ratio. (1.28% vs1.05%) Hold on to your pants with this one. Extreme Volatility means: Do not use margin. Do not forget to set multiple stops (trailing stop) Pay attention to your NAV decay. Recommendation: Day trade and do not hold overnight.
Why not just hold it the same way you would MSTR?
Honestly, if you’re okay with the swing and you trust the underlying asset, you totally can. Firstly, Im a huge MSTR fan and irresponsibly over invested in it but it trades at ~2.4x bitcoin. A black swan event, would drop that multiple to well below 1:1 rather quickly. If you were holding MSTU during one of these events, we’re talking about a +90% drawdown. The fund would become insolvent and you’d lose it all.