ELIS

Direxion Shares ETF Trust Direxion Daily LLY Bear 1X ETF

$18.45

+0.00%

Market closed. Last update: 2:16 AM ET

📎 Investment Objective

The Direxion Daily LLY Bear 1X Shares ETF (ELIS) seeks to provide daily investment results that correspond to the inverse (-1x) of the daily performance of the common stock of Eli Lilly and Company (LLY).

Overview

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

Category Inverse

Issuer Other

Inception Date 2025-03-26

Market Cap $3.2M

Average Volume N/A

Dividend Yield 5.48%

52-Week Range $16.52 - $31.30

VWAP $18.47

Performance

Loading performance data...

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 the underlying stock. It does not invest directly in the stock itself.

✨ Key Features

Provides inverse (-1x) exposure to the daily performance of Eli Lilly and Company's stock
Designed for short-term, tactical trading rather than long-term buy-and-hold investing
Has a very low expense ratio of 0.00%
Has not yet accumulated any assets under management

⚠️ Primary Risks

Inverse and leveraged ETFs can be highly volatile and are not suitable for all investors
Tracking error risk - the fund may not perfectly track the inverse performance of the underlying stock
Counterparty risk - the fund relies on swap agreements and futures contracts which carry counterparty risk
Lack of performance history - with no assets and no returns data, it's difficult to assess the fund's long-term viability

👤 Best For

This ETF is intended for experienced, risk-tolerant traders who seek to benefit from short-term declines in the price of Eli Lilly's stock. It is not suitable for long-term buy-and-hold investors or those with a low risk tolerance.