Question: Please show detailed steps . No excel. Everything manual with a calculator. VXX is the 1x vix futures ETF. ETF SVXY manages leverage of -0.5x

Please show detailed steps . No excel. Everything manual with a calculator. 
VXX is the 1x vix futures ETF. ETF SVXY manages leverage of -0.5x of vix futures ETF (a short fund, shorting 50% of AUM). You can view SVXY as holding 50% of its asset value in short position in VXX. c. What is the daily position in the un-levered ETF and cash post rebalancing? (4 points) Day 0 1 2 2 3 -50 Position in unlevered ETF VXX Position in cash 150 d. What is the rebalancing trade in dollar terms? (4 points) 0 1 2 3 Day Rebal Trade in ETF VXX -50 Change in Cash 150 VXX is the 1x vix futures ETF. ETF SVXY manages leverage of -0.5x of vix futures ETF (a short fund, shorting 50% of AUM). You can view SVXY as holding 50% of its asset value in short position in VXX. c. What is the daily position in the un-levered ETF and cash post rebalancing? (4 points) Day 0 1 2 2 3 -50 Position in unlevered ETF VXX Position in cash 150 d. What is the rebalancing trade in dollar terms? (4 points) 0 1 2 3 Day Rebal Trade in ETF VXX -50 Change in Cash 150
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