AIBD

Direxion Daily AI and Big Data Bear 2X Shares

$7.48

+0.00%

Market closed. Last update: 10:57 PM ET

📎 Investment Objective

The Direxion Daily AI and Big Data Bear 2X Shares ETF (AIBD) seeks to provide 2x the inverse (or opposite) of the daily performance of the Indxx AI & Big Data Index.

Overview

ETF tracking Direxion Daily AI and Big Data Bear 2X Shares

Category Leveraged

Issuer Other

Inception Date 2024-05-15

Market Cap $1.7M

Average Volume N/A

Dividend Yield 6.31%

52-Week Range $6.23 - $23.36

VWAP $7.55

Performance

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Investment Summary

📎 Investment Objective

The Direxion Daily AI and Big Data Bear 2X Shares ETF (AIBD) seeks to provide 2x the inverse (or opposite) of the daily performance of the Indxx AI & Big Data Index.

🎯 Investment Strategy

The fund uses derivatives and other instruments to provide leveraged exposure to the Indxx AI & Big Data Index, which tracks companies involved in artificial intelligence and big data technologies. The fund aims to deliver twice the opposite return of the index on a given day.

✨ Key Features

Provides 2x inverse (or short) exposure to the Indxx AI & Big Data Index
Utilizes derivatives and other instruments to achieve its leveraged objective
Resets daily, so performance may not match the inverse of the index over longer periods
Very small fund with limited assets under management

⚠️ Primary Risks

Significant leverage risk, as the fund aims for 2x the opposite return of the index
Potential for large and rapid losses if the tracked index rises in value
Volatility risk due to the daily resetting of leverage
Liquidity and trading risks given the fund's small size and trading volume

👤 Best For

This ETF is intended for experienced, risk-tolerant investors who have a bearish short-term outlook on the performance of companies involved in artificial intelligence and big data technologies. It is not suitable for long-term buy-and-hold investors or those with a low risk tolerance.