WEBS

Direxion Daily Dow Jones Internet Bear 3X Shares

$20.31

+0.00%

Market closed. Last update: 10:56 PM ET

📎 Investment Objective

The Direxion Daily Dow Jones Internet Bear 3X Shares (WEBS) seeks to provide daily investment results that correspond to three times the inverse (-3x) of the daily performance of the Dow Jones Internet Composite Index.

Overview

ETF tracking Direxion Daily Dow Jones Internet Bear 3X Shares

Category Leveraged

Issuer Other

Inception Date 2019-11-07

Market Cap N/A

Average Volume N/A

Dividend Yield 4.99%

52-Week Range $17.08 - $57.38

VWAP $20.38

Performance

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Investment Summary

📎 Investment Objective

🎯 Investment Strategy

The fund uses a range of financial instruments, such as swap agreements and futures contracts, to achieve its investment objective of providing leveraged exposure to the inverse performance of the underlying index. It does not invest directly in the component stocks of the index.

✨ Key Features

Provides 3x daily inverse exposure to the Dow Jones Internet Composite Index
Designed for short-term, speculative trading rather than long-term investment
Utilizes derivatives and leverage to amplify the inverse performance of the index
Resets daily, so longer-term returns may not match the stated -3x objective

⚠️ Primary Risks

Significant risk of loss due to the leveraged and inverse nature of the fund
Potential for large and unexpected losses, especially during periods of high volatility
Risks associated with the use of derivatives, including counterparty risk
Potential for divergence between the fund's performance and the inverse of the index over longer holding periods

👤 Best For

This ETF is designed for experienced, risk-tolerant investors who seek to profit from short-term declines in the internet sector and understand the risks of leveraged and inverse products. It is not suitable for long-term buy-and-hold investors or those with a low risk tolerance.