PLTD

Direxion Daily PLTR Bear 1X Shares

$6.84

+0.00%

Market closed. Last update: 10:57 PM ET

📎 Investment Objective

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

Overview

ETF tracking Direxion Daily PLTR Bear 1X Shares

Category Inverse

Issuer Other

Inception Date 2024-12-11

Market Cap $44.3M

Average Volume N/A

Dividend Yield 4.26%

52-Week Range $5.88 - $26.68

VWAP $6.85

Performance

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Price Chart

Investment Summary

📎 Investment Objective

🎯 Investment Strategy

The fund uses a range of financial instruments, such as swap agreements and futures contracts, to provide the desired inverse exposure to the Palantir Technologies stock. It does not invest directly in the underlying stock.

✨ Key Features

Provides -1x daily exposure to Palantir Technologies stock performance
Designed for short-term, tactical trading rather than long-term investment
Employs derivatives to achieve its inverse exposure objective
Very low expense ratio of 0.00%

⚠️ Primary Risks

Significant daily rebalancing risk, which can lead to performance deviation from the target -1x exposure over longer holding periods
Derivative instrument risks, including counterparty risk and liquidity risk
Volatility risk, as the fund's performance can be highly volatile on a daily basis
Lack of long-term performance history, as the fund is relatively new

👤 Best For

This ETF is best suited for experienced, sophisticated traders who seek short-term, tactical exposure to the inverse performance of Palantir Technologies stock. It is not recommended for long-term, buy-and-hold investors due to the daily rebalancing risks.