Subject: File No. S7-24-15
From: ryan wynn

March 17, 2020

Im sorry to say but inverse ETFs provide protection for investors who dont believe the stock market will go up forever. It helps balance out individual portfolios and provides risk protection in case of a market decline. This is essential in todays economy where the majority of the stock market increase has been led by big business and stock buybacks. Normal business cycles with recessions occur on average every 8 years. People should be allowed to buy inverse ETFs when they feel the market is high leveraged, especially when the FED keeps interest rates at zero and destroys true price discovery.