SHPD

Direxion Daily SHOP Bear 1X ETF

$20.11

+0.00%

Market closed. Last update: 11:43 PM ET

📎 Investment Objective

The Direxion Daily SHOP Bear 1X ETF (SHPD) seeks to provide daily investment results that correspond to the inverse (-1x) of the daily performance of the Solactive Shopify Inc. Index.

Overview

ETF tracking Direxion Daily SHOP Bear 1X ETF

Category Inverse

Issuer Other

Inception Date 2025-08-06

Market Cap $3.0M

Average Volume N/A

Dividend Yield 0.46%

52-Week Range $16.47 - $22.11

VWAP $20.00

Performance

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Price Chart

Investment Summary

📎 Investment Objective

The Direxion Daily SHOP Bear 1X ETF (SHPD) seeks to provide daily investment results that correspond to the inverse (-1x) of the daily performance of the Solactive Shopify Inc. Index.

🎯 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 Solactive Shopify Inc. Index. It does not invest directly in the stocks that make up the index.

✨ Key Features

Provides -1x daily inverse exposure to the Solactive Shopify Inc. Index
Designed for short-term, tactical trading rather than long-term buy-and-hold investing
Employs derivatives to achieve its inverse performance objective
Has a 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 the index over longer periods
Potential for large losses if the underlying index experiences a sharp, sustained increase
Risks associated with the use of derivatives, including counterparty risk and liquidity risk
Low trading volume and assets under management, which can impact liquidity and increase trading costs

👤 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 Solactive Shopify Inc. Index. It is not recommended for long-term buy-and-hold investors or those with a low risk tolerance.