ELIS

Direxion Daily LLY Bear 1X Shares

$18.71

+0.00%

Market closed. Last update: 10:53 PM ET

📎 Investment Objective

The Direxion Daily LLY Bear 1X Shares ETF (ELIS) seeks to provide daily investment results that correspond to the inverse (-1x) of the daily performance of the common stock of Eli Lilly and Company (LLY).

Overview

ETF tracking Direxion Daily LLY Bear 1X Shares

Category Inverse

Issuer Other

Inception Date 2025-03-26

Market Cap $3.3M

Average Volume N/A

Dividend Yield 2.10%

52-Week Range $18.72 - $31.30

VWAP $18.73

Performance

Loading performance data...

Price Chart

Investment Summary

📎 Investment Objective

🎯 Investment Strategy

The fund uses a range of financial instruments, such as swap agreements and futures contracts, to achieve its inverse exposure to the underlying stock. It does not invest directly in the stock itself.

✨ Key Features

Provides inverse (-1x) exposure to the daily performance of Eli Lilly and Company's stock
Designed for short-term, tactical trading rather than long-term buy-and-hold investing
Has a very low expense ratio of 0.00%
Has not yet accumulated any assets under management

⚠️ Primary Risks

Inverse and leveraged ETFs can be highly volatile and are not suitable for all investors
Tracking error risk - the fund may not perfectly track the inverse performance of the underlying stock
Counterparty risk - the fund relies on swap agreements and futures contracts which carry counterparty risk
Lack of performance history - with no assets and no returns data, it's difficult to assess the fund's long-term viability

👤 Best For

This ETF is intended for experienced, risk-tolerant traders who seek to benefit from short-term declines in the price of Eli Lilly's stock. It is not suitable for long-term buy-and-hold investors or those with a low risk tolerance.