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Direxion Daily Magnificent 7 Bear 1X Etf

Direxion Daily Magnificent 7 Bear 1X Etf stock price and volume chart
IndustryExchange Traded Fund
SectorFinancial Services Etf
ExchangeNYSE
Market Capitalization30.21 mln

Business Description

This fund aims to deliver the opposite of the daily performance of the seven biggest companies listed on the NASDAQ exchange, as selected by Indxx. It achieves this by investing the vast majority of its assets in financial contracts and instruments designed to move in the reverse direction of those companies' combined value. Because it focuses on just a small number of stocks, it carries a higher level of concentration risk than a typical fund.

Price Performance & Relative Strength

Period Price Performance Relative Strength
1 Week 0.99% 83 / 100   
1 Month -2.63% 40 / 100   
2 Months -0.65% 48 / 100   
6 Months -12.34% 23 / 100   
1 Year -12.09% 30 / 100   



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