NVDD

Direxion Daily NVDA Bear 1X Shares

$38.00

+0.00%

Market closed. Last update: 11:38 PM ET

📎 Investment Objective

The Direxion Daily NVDA Bear 1X Shares ETF seeks to provide daily investment results that correspond to the inverse (-1x) of the daily performance of the NVIDIA Corporation (NVDA) stock.

Overview

ETF tracking Direxion Daily NVDA Bear 1X Shares

Category Inverse

Issuer Other

Inception Date 2023-09-13

Market Cap N/A

Average Volume N/A

Dividend Yield 0.53%

52-Week Range $35.11 - $83.10

VWAP $39.06

Performance

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Price Chart

Investment Summary

📎 Investment Objective

The Direxion Daily NVDA Bear 1X Shares ETF seeks to provide daily investment results that correspond to the inverse (-1x) of the daily performance of the NVIDIA Corporation (NVDA) stock.

🎯 Investment Strategy

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

✨ Key Features

Provides inverse (-1x) exposure to the daily performance of NVIDIA'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 the underlying asset
Very low expense ratio of 0.00%

⚠️ Primary Risks

Inverse/leveraged risk: The fund's returns may not match the inverse of the underlying asset on a long-term basis
Volatility risk: The fund may experience significant daily fluctuations in value
Liquidity risk: The fund may have lower trading volume and liquidity compared to the underlying asset
Counterparty risk: The fund relies on swap agreements and futures contracts, which carry counterparty risk

👤 Best For

This ETF is designed for experienced, short-term traders who seek to profit from a decline in NVIDIA's stock price on a daily basis. It is not suitable for long-term, buy-and-hold investors due to the compounding effects of daily resets.