NFXS

Direxion Daily NFLX Bear 1X Shares

$14.78

+0.00%

Market closed. Last update: 10:55 PM ET

📎 Investment Objective

The Direxion Daily NFLX Bear 1X Shares ETF seeks to provide daily investment results that correspond to the inverse (-1x) of the daily performance of the common stock of Netflix, Inc.

Overview

ETF tracking Direxion Daily NFLX Bear 1X Shares

Category Inverse

Issuer Other

Inception Date 2024-10-03

Market Cap $7.8M

Average Volume N/A

Dividend Yield 4.19%

52-Week Range $12.53 - $21.44

VWAP $14.63

Performance

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Price Chart

Investment Summary

📎 Investment Objective

The Direxion Daily NFLX Bear 1X Shares ETF seeks to provide daily investment results that correspond to the inverse (-1x) of the daily performance of the common stock of Netflix, Inc.

🎯 Investment Strategy

The fund uses a range of financial instruments, such as swap agreements and futures contracts, to provide the desired inverse exposure to Netflix's stock price movements on a daily basis.

✨ Key Features

Provides inverse exposure to the daily performance of Netflix's stock
Designed for short-term, tactical trading rather than long-term investment
Resets exposure daily, so longer-term returns may not match the inverse of Netflix's performance
Very low expense ratio of 0.00%

⚠️ Primary Risks

Significant daily rebalancing risk, which can lead to returns that do not match the inverse of Netflix's performance over longer periods
High volatility and potential for large losses, especially in volatile market conditions
Counterparty risk associated with the use of derivatives
Lack of long-term performance history

👤 Best For

This ETF is best suited for experienced, sophisticated investors who understand the risks of inverse and leveraged products and are looking for short-term, tactical exposure to the potential decline in Netflix's stock price. It is not recommended for long-term, buy-and-hold investors.