EDZ

Direxion Daily Emerging Markets Bear 3x Shares

$36.52

+0.00%

Market closed. Last update: 10:58 PM ET

📎 Investment Objective

The Direxion Daily Emerging Markets Bear 3x Shares ETF (EDZ) seeks to provide 3x daily inverse exposure to the performance of the MSCI Emerging Markets Index.

Overview

ETF tracking Direxion Daily Emerging Markets Bear 3x Shares

Category Emerging Markets

Issuer Other

Inception Date 2008-12-17

Market Cap N/A

Average Volume N/A

Dividend Yield 0.67%

52-Week Range $34.47 - $113.10

VWAP $36.64

Performance

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Price Chart

Investment Summary

📎 Investment Objective

The Direxion Daily Emerging Markets Bear 3x Shares ETF (EDZ) seeks to provide 3x daily inverse exposure to the performance of the MSCI Emerging Markets Index.

🎯 Investment Strategy

EDZ uses swaps and other derivative instruments to provide leveraged short exposure to the MSCI Emerging Markets Index. The fund aims to deliver daily returns that are -300% of the index's performance.

✨ Key Features

Provides 3x daily inverse exposure to emerging markets equities
Utilizes swaps and other derivatives to achieve its leveraged short strategy
Resets exposure daily, so performance may not match -300% of the index over longer periods
Very high risk and volatility, not suitable for long-term buy-and-hold investors

⚠️ Primary Risks

Extremely high volatility and risk due to the leveraged short strategy
Potential for significant losses if the underlying index rises
Compounding effect can magnify losses over time, especially in volatile markets
Tracking error risk as the fund's daily returns may not equal -300% of the index

👤 Best For

EDZ is a highly speculative investment tool intended for sophisticated traders with a very short-term, tactical investment horizon. It is not suitable for long-term investors or those with a low risk tolerance.