I&#x27;ve never tried it.  I&#x27;m skeptical that a broker would let you short a leveraged ETF since it&#x27;s a bad deal for them.  There are options out there for these but something tells me the decay is priced in or else it&#x27;s getting into arbitrage territory.  I have seen this question asked a few times before but never saw a definite answer.<p>If you were able to short TVIX or SPXU or any leveraged etf for a long period of time it seems like a near 100% chance of massive gains which makes me think there is a catch.