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A leveraged ETF is an exchange-traded fund that uses debt or derivatives as leverage to amplify the returns of a benchmark index. Leveraged ETFs can

A leveraged ETF is an exchange-traded fund that uses debt or derivatives as leverage to amplify the returns of a benchmark index. Leveraged ETFs can produce significant short-term gains/losses, such as 2x or even 3x the daily performance of the underlying benchmark index. For example, a 2x leveraged ETF on S&P 500 index, can have 2x the daily performance of S&P 500 index. I.e., if S&P 500 index gains 1% in one day, then the 2x leveraged ETF will gain 2%; similarly, if the S&P 500 index loses 1% in one day, then the 2x leverage ETF will lose 2%. One commonly used financial derivative to create leveraged ETFs is TRS. Would you please design a 2x leveraged ETF on

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