Quote from: https://investornews.vanguard/vanguard-to-stop-accepting-purchases-in-leveraged-and-inverse-investments/
Beginning January 22, 2019, Vanguard clients will no longer be able to purchase leveraged or inverse mutual funds, ETFs (exchange-traded funds), or ETNs (exchange-traded notes).
This change is part of an ongoing effort to align the products and services we offer with our investors’ focus on the long term. These investments, which are generally incompatible with a buy-and-hold strategy, run counter to this long-term focus.
Top signal in legacy.
They're scared.
“Bottom gonna fall out of the market so we are going to make sure our clients can’t short and can only buy and hold”