MUD

Direxion Daily MU Bear 1X Shares

$7.14

+0.00%

Market closed. Last update: 10:50 PM ET

📎 Investment Objective

The Direxion Daily MU Bear 1X Shares ETF (MUD) seeks to provide daily investment results that correspond to the inverse (or opposite) of the daily performance of the PHLX Semiconductor Sector Index.

Overview

ETF tracking Direxion Daily MU Bear 1X Shares

Category Inverse

Issuer Other

Inception Date 2024-10-10

Market Cap $2.3M

Average Volume N/A

Dividend Yield 8.88%

52-Week Range $7.01 - $32.54

VWAP $7.12

Performance

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Price Chart

Investment Summary

📎 Investment Objective

The Direxion Daily MU Bear 1X Shares ETF (MUD) seeks to provide daily investment results that correspond to the inverse (or opposite) of the daily performance of the PHLX Semiconductor Sector 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 semiconductor sector index. It does not actually hold the underlying securities in the index.

✨ Key Features

Provides daily inverse exposure to the semiconductor sector
Designed for short-term, tactical trading rather than long-term investment
Expense ratio of 0.00%
Very low assets under management ($0)

⚠️ Primary Risks

Inverse/leveraged funds can experience significant volatility and losses, especially over longer holding periods
Tracking error risk - the fund may not perfectly match the inverse daily performance of the index
Counterparty risk associated with the swap agreements and futures contracts used
Liquidity risk due to the low assets under management

👤 Best For

This ETF is best suited for experienced, sophisticated investors seeking short-term, tactical exposure to the inverse performance of the semiconductor sector. It is not recommended for long-term buy-and-hold investors due to the risks of inverse/leveraged funds.