BRKD

Direxion Daily BRKB Bear 1X Shares

$22.75

+0.00%

Market closed. Last update: 10:50 PM ET

📎 Investment Objective

The Direxion Daily BRKB Bear 1X Shares ETF (BRKD) seeks to provide daily investment results that correspond to the inverse (-1x) of the daily performance of the Class B shares of Berkshire Hathaway Inc. (BRKB).

Overview

ETF tracking Direxion Daily BRKB Bear 1X Shares

Category Inverse

Issuer Other

Inception Date 2024-12-11

Market Cap $2.8M

Average Volume N/A

Dividend Yield 3.03%

52-Week Range $21.32 - $26.28

VWAP $22.75

Performance

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Price Chart

Investment Summary

📎 Investment Objective

🎯 Investment Strategy

The fund uses a range of financial instruments, such as swap agreements and futures contracts, to gain the desired inverse exposure to the BRKB stock. It does not actually hold the underlying BRKB shares.

✨ Key Features

Provides -1x daily inverse exposure to the Class B shares of Berkshire Hathaway Inc.
Designed for short-term, tactical trading rather than long-term buy-and-hold investing.
Employs derivatives to achieve its inverse performance objective.
Has a very low expense ratio of 0.00%

⚠️ Primary Risks

Inverse/leveraged risk: The fund's inverse exposure means it will lose value when the underlying asset gains, potentially at an accelerated rate.
Volatility risk: The fund's returns can be highly volatile due to its use of derivatives and inverse exposure.
Tracking error risk: The fund may not perfectly track the inverse performance of BRKB on a daily basis.
Liquidity risk: The fund may have limited liquidity, especially during periods of market stress.

👤 Best For

This ETF is designed for experienced, sophisticated investors who understand the risks of inverse/leveraged products and are seeking short-term, tactical exposure to the inverse performance of Berkshire Hathaway Class B shares. It is not suitable for long-term buy-and-hold investors or those with a low risk tolerance.