AMDD
Direxion Daily AMD Bear 1X Shares
📎 Investment Objective
The Direxion Daily AMD Bear 1X Shares ETF (AMDD) seeks to provide daily investment results that correspond to the inverse (-1x) of the daily performance of the common stock of Advanced Micro Devices, Inc. (AMD).
Overview
ETF tracking Direxion Daily AMD Bear 1X Shares
Performance
Price Chart
Investment Summary
📎 Investment Objective
The Direxion Daily AMD Bear 1X Shares ETF (AMDD) seeks to provide daily investment results that correspond to the inverse (-1x) of the daily performance of the common stock of Advanced Micro Devices, Inc. (AMD).
🎯 Investment Strategy
The fund uses a range of financial instruments, such as swap agreements and futures contracts, to achieve its inverse exposure to AMD's stock price movements on a daily basis.
✨ Key Features
- Provides inverse (-1x) exposure to the daily performance of AMD's stock price
- Designed for short-term, tactical trading rather than long-term investment
- Resets daily, so longer-term returns may not match the inverse of the underlying asset
- Very low expense ratio of 0.00%
⚠️ Primary Risks
- Significant daily rebalancing risk, which can lead to returns that do not match the inverse of the underlying asset over longer periods
- Potential for large losses if AMD's stock price rises unexpectedly
- Liquidity risk due to low assets under management
- Counterparty risk associated with the use of derivatives
👤 Best For
This ETF is best suited for experienced, sophisticated investors who understand the risks of inverse and leveraged products and are looking for short-term, tactical exposure to the potential decline in AMD's stock price. It is not recommended for long-term buy-and-hold investors.
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