PALD

📎 Investment Objective

The Direxion Daily PANW Bear 1X Shares ETF (PALD) seeks to provide daily investment results that correspond to the inverse (-1x) of the daily performance of the Nasdaq-100 Technology Sector Index.

✨ Key Features

• Provides inverse (-1x) exposure to the Nasdaq-100 Technology Sector Index on a daily basis
• Designed for short-term, speculative trading and not for long-term buy-and-hold investors
• Employs derivatives to achieve its inverse exposure, which can increase risk and volatility
• Has a very low expense ratio of 0.00%

⚠️ Primary Risks

• Inverse and leveraged ETFs can be highly volatile and are not suitable for all investors
• Tracking error risk, as the fund's performance may not perfectly match the inverse of the underlying index
• Derivative risk, as the use of swaps and futures contracts can increase the fund's risk profile
• Concentration risk, as the fund is focused on the technology sector

👤 Best For

This ETF is designed for experienced, risk-tolerant investors who seek to profit from short-term declines in the Nasdaq-100 Technology Sector Index. It is not suitable for long-term buy-and-hold investors or those with a low risk tolerance.