Subject: File No. S7-24-15
From: Neal Acharya

April 7, 2020

This fund is not a futures account and should not be treated like one.
With inverse and leveraged funds like pros hated your risk is limited to the amount you invested and no more. Its not a futures account where your obligation/risk may be greater than your account value.
There are stocks that are far greater in risk and volatility than proshares.