Subject: File No. S7-24-15
From: Christopher Nihda

April 17, 2020

Hello... I am a private investor since the 1980's ...in which I have lost money in the markets crashes of 1987 / 1994 / 1998 / 2000 and 2008 ...There were no real safe haven stock plays for safeguarding and preserving personal portfolios until the creation of these Contra stock etfs. It is truly imperative for the private investor to be able to access and utilize these inverse funds going forward to protect individual portfolios against the Big Banks and other investment houses. We need to be able to access these tools versus the safer consumer staples stocks. Another market crash is looming and I am happily invested in some Contra Inverse funds very well with yours and Derexion as well. Please allow us to continue access to these funds as a way to save our individual portfolios...