YANG

Direxion Daily FTSE China Bear 3X Shares

$22.66

+0.00%

Market closed. Last update: 10:58 PM ET

📎 Investment Objective

The Direxion Daily FTSE China Bear 3X Shares (YANG) seeks to provide daily investment results that correspond to three times the inverse (-3x) of the daily performance of the FTSE China 50 Index.

Overview

ETF tracking Direxion Daily FTSE China Bear 3X Shares

Category Leveraged

Issuer Other

Inception Date 2009-12-03

Market Cap N/A

Average Volume N/A

Dividend Yield 6.45%

52-Week Range $20.62 - $85.64

VWAP $22.54

Performance

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Price Chart

Investment Summary

📎 Investment Objective

The Direxion Daily FTSE China Bear 3X Shares (YANG) seeks to provide daily investment results that correspond to three times the inverse (-3x) of the daily performance of the FTSE China 50 Index.

🎯 Investment Strategy

YANG is a leveraged ETF that aims to achieve its investment objective by investing in swap agreements, futures contracts, short positions or other financial instruments that provide inverse or short exposure to the FTSE China 50 Index. The fund does not invest directly in the constituent securities of the index.

✨ Key Features

Provides 3x daily inverse exposure to the FTSE China 50 Index
Designed for short-term, speculative trading, not long-term buy-and-hold
Utilizes derivatives and leverage to achieve its investment objective
High volatility and risk profile compared to non-leveraged China equity funds

⚠️ Primary Risks

Significant daily tracking error and compounding risk due to leverage
Potential for large and rapid losses if the underlying index moves against the fund's position
Counterparty risk associated with the use of derivatives and swaps
Higher volatility and risk profile than traditional China equity funds

👤 Best For

YANG is a highly speculative investment product best suited for experienced, risk-tolerant traders with a short-term investment horizon who have a bearish outlook on Chinese equities. It is not recommended for long-term, buy-and-hold investors.