Subject: File No. S7-24-15
From: david schultz

March 11, 2020

Particularly given the current risk in the markets investors and traders need and regularly use 2x and 2x leveraged bullish and bearish ETFs to manage overall portfolio risk. These tools are a necessary part of managing risk in both up and down markets and are an invaluable tool for diversification. Do not limit participation or investment in these ETFs