I think the popularity of these 3dx funds can in part be explained by higher margin costs due to higher interest rates. Retail traders have extremely unfavorabl

I think the popularity of these 3dx funds can in part be explained by higher margin costs due to higher interest rates. Retail traders have extremely unfavorable borrowing terms for margin accounts, whereas funds borrow at the much better prime rate. So buying a leveraged fund means taking advantage of these better borrowing terms.