AMDD

Direxion Shares ETF Trust Direxion Daily AMD Bear 1X ETF

$9.67

+0.00%

Market closed. Last update: 2:13 AM ET

📎 Investment Objective

The Direxion Daily AMD Bear 1X Shares ETF (AMDD) seeks to provide daily investment results that correspond to the inverse (-1x) of the daily performance of the common stock of Advanced Micro Devices, Inc. (AMD).

Overview

ETF tracking Direxion Shares ETF Trust Direxion Daily AMD Bear 1X ETF

Category Inverse

Issuer Other

Inception Date 2025-02-12

Market Cap $12.8M

Average Volume N/A

Dividend Yield 5.36%

52-Week Range $7.66 - $34.29

VWAP $9.60

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 achieve its inverse exposure to AMD's stock price movements on a daily basis.

✨ Key Features

Provides inverse (-1x) exposure to the daily performance of AMD's stock price
Designed for short-term, tactical trading rather than long-term investment
Resets daily, so longer-term returns may not match the inverse of the underlying asset
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 underlying asset over longer periods
Potential for large losses if AMD's stock price rises unexpectedly
Liquidity risk due to low assets under management
Counterparty risk associated with the use of derivatives

👤 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 potential decline in AMD's stock price. It is not recommended for long-term buy-and-hold investors.