[kimchi]

It sounds like you have money in shorts and longs in a similar market. I'm not sure what the regular mutual fund is, but it seems to me that your 2 investments are cancelling each other out.

Also, I'm wondering what specifically made you decide to take a leveraged short position and at what point will you sell at a profit/loss? Remember that even an experienced investor/trader can find it very difficult to extract profits out of a short stock fund.