It is not clear if you are looking to short LA or looking for another fund other than prlax and flatx.

uupix is mostly brazil right now.  It can be very volatile, swings 6-8% up or down in a day.  Profunds web site says they don't mind short term traders...  I have not discussed with Fido to see if they agree...  My guess is if you want to get in/out they you will have to go directly to Profunds...

Now will someone tell me why I didn't buy more in march when it was $22 a share?  Now above $32 a share..

Oh, I remember now it was the fall it took Oct 07 to march 08,  70% drop.. 

Invest mad money ...