AAPD

Direxion Daily AAPL Bear 1X Shares

$13.11

+0.00%

Market closed. Last update: 11:42 PM ET

📎 Investment Objective

The Direxion Daily AAPL Bear 1X Shares ETF seeks to provide daily investment results that correspond to the inverse (-1x) of the daily performance of the common stock of Apple Inc. (AAPL).

Overview

ETF tracking Direxion Daily AAPL Bear 1X Shares

Category Inverse

Issuer Other

Inception Date 2022-08-09

Market Cap $20.3M

Average Volume N/A

Dividend Yield 4.00%

52-Week Range $12.97 - $21.58

VWAP $13.06

Performance

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Price Chart

Investment Summary

📎 Investment Objective

The Direxion Daily AAPL Bear 1X Shares ETF seeks to provide daily investment results that correspond to the inverse (-1x) of the daily performance of the common stock of Apple Inc. (AAPL).

🎯 Investment Strategy

The fund uses a range of financial instruments, such as swap agreements and futures contracts, to achieve its inverse exposure to the daily performance of AAPL. It does not seek to achieve its stated investment objective over a period of time greater than one day.

✨ Key Features

Provides inverse (-1x) exposure to the daily performance of Apple Inc. stock
Designed for short-term, tactical trading rather than long-term investment
Utilizes derivatives to achieve its inverse exposure
Resets daily, so longer-term returns may not match the inverse of the underlying asset

⚠️ Primary Risks

Inverse performance risk - the fund's returns may not match the inverse of the underlying asset on a long-term basis
Derivative risk - the use of swaps and futures contracts carries additional risks
Volatility risk - the fund's performance can be highly volatile due to its daily resetting and use of leverage
Concentration risk - the fund's sole focus is on Apple Inc. stock

👤 Best For

This ETF is designed for experienced, sophisticated traders who seek to make short-term, tactical bets against the daily performance of Apple Inc. stock. It is not suitable for long-term, buy-and-hold investors.