AMZD

Direxion Daily AMZN Bear 1X Shares

$9.96

+0.00%

Market closed. Last update: 10:54 PM ET

📎 Investment Objective

The Direxion Daily AMZN 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 Amazon.com, Inc.

Overview

ETF tracking Direxion Daily AMZN Bear 1X Shares

Category Inverse

Issuer Other

Inception Date 2022-09-07

Market Cap $4.5M

Average Volume N/A

Dividend Yield 4.00%

52-Week Range $9.21 - $14.53

VWAP $9.90

Performance

Loading performance data...

Price Chart

Investment Summary

📎 Investment Objective

The Direxion Daily AMZN 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 Amazon.com, Inc.

🎯 Investment Strategy

The fund uses a range of financial instruments, such as swap agreements and futures contracts, to provide the desired inverse exposure to the performance of Amazon's stock on a daily basis.

✨ Key Features

Provides inverse exposure to the daily performance of Amazon's stock
Designed for short-term, tactical trading rather than long-term investment
Resets exposure daily, so longer-term returns may not match the inverse of the underlying asset
Very low expense ratio of 0.00%

⚠️ Primary Risks

Inverse/leveraged funds can experience significant volatility and losses, especially over longer holding periods
Tracking error risk - the fund's returns may not precisely match the inverse of Amazon's stock
Counterparty risk associated with the swap agreements and futures contracts used
Low trading volume and assets under management, which can impact liquidity

👤 Best For

This ETF is best suited for experienced, risk-tolerant traders who seek to capitalize on short-term declines in Amazon's stock price. It is not recommended for long-term buy-and-hold investors due to the compounding effects of daily rebalancing.