Etf short long question

[YoungIsli]

I have a question -3× short mean that if tesla’sprice decrease -2% etf’s price will increase 6%?

And 1× does it mean if tesla’s price increase 2%
Etf’s price increase 2%

So -1× mean short ×1price decrese or increae and 1× means long ×1 the price increase or decrease?

[Oktay]

Hi @YoungIsli - yes, this is correct.

[Finki]

Remembering ‘decay’