FRDD

Direxion Daily F Bear 1X ETF

$20.14

+0.00%

Market closed. Last update: 10:52 PM ET

📎 Investment Objective

The Direxion Daily F Bear 1X ETF (FRDD) seeks to provide daily investment results that correspond to the inverse (opposite) of the performance of the Nasdaq-100 Index®.

Overview

ETF tracking Direxion Daily F Bear 1X ETF

Category Inverse

Issuer Other

Inception Date 2025-07-23

Market Cap $2.0M

Average Volume N/A

Dividend Yield 0.75%

52-Week Range $19.60 - $25.89

VWAP $20.15

Performance

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Price Chart

Investment Summary

📎 Investment Objective

The Direxion Daily F Bear 1X ETF (FRDD) seeks to provide daily investment results that correspond to the inverse (opposite) of the performance of the Nasdaq-100 Index®.

🎯 Investment Strategy

The fund uses a range of financial instruments, such as swap agreements and futures contracts, to achieve its inverse exposure to the Nasdaq-100 Index on a daily basis. It does not seek to achieve its stated investment objective over periods longer than a single day.

✨ Key Features

Inverse exposure to the Nasdaq-100 Index, providing potential gains when the index declines
Designed for short-term, tactical trading rather than long-term buy-and-hold investing
Employs derivatives to achieve its inverse exposure, which can increase volatility and risk
Very low assets under management and expense ratio of 0.00%

⚠️ Primary Risks

Inverse performance risk: The fund's returns will be the opposite of the Nasdaq-100 Index, amplifying losses when the index rises
Derivative risk: The use of swaps and futures contracts can increase volatility and the potential for losses
Compounding risk: Daily rebalancing can cause returns to deviate from the inverse of the index over longer periods
Liquidity risk: The fund has very low assets, which could lead to wider bid-ask spreads and difficulty trading

👤 Best For

This ETF is designed for experienced, short-term traders who are comfortable with the risks of inverse and leveraged products and are seeking to speculate on or hedge against declines in the Nasdaq-100 Index on a daily basis. It is not suitable for long-term buy-and-hold investors.