The reason behind the premium—yesterday, when I noticed this phenomenon, I felt really puzzled. So I looked into it and found that the premium was at 27%. By the time the market closed, it had returned to 2%, which is relatively normal. It’s possible that before I saw the 27%, the premium had been 30%+ or even 40+, which shows that a ton of people were rushing to buy this ETF at the bottom. That’s why the premium was so high, and the price of the underlying stock and the leveraged ETF diverged significantly. Most people don’t pay attention to premiums; otherwise, they wouldn’t blindly jump in. Honestly, I don’t usually check either. Luckily, I bought the Samsung ETF, which had a 2% premium. This whole situation is a reminder that when buying ETFs, we should make it a habit to check the premium. Otherwise, you might lose money without even realizing how it happened.