GGLS

Direxion Daily GOOGL Bear 1X Shares

$7.80

+0.00%

Market closed. Last update: 4:17 AM ET

📎 Investment Objective

The Direxion Daily GOOGL Bear 1X Shares ETF seeks to provide daily investment results that correspond to the inverse (opposite) of the daily performance of the common stock of Alphabet Inc. (Class C).

Overview

ETF tracking Direxion Daily GOOGL Bear 1X Shares

Category Inverse

Issuer Other

Inception Date 2022-09-07

Market Cap $17.4M

Average Volume N/A

Dividend Yield 4.94%

52-Week Range $7.39 - $15.60

VWAP $7.79

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 the target stock. It does not actually hold shares of Alphabet Inc. directly.

✨ Key Features

Provides inverse exposure to the daily performance of Alphabet Inc. (Class C) stock
Designed for short-term, tactical trading rather than long-term buy-and-hold investing
Resets its position daily, so longer-term returns may not match the inverse of the underlying stock
Very low expense ratio of 0.00%

⚠️ Primary Risks

Inverse/leveraged funds can experience significant volatility and losses, especially over longer time periods
Potential for divergence between the fund's performance and the inverse of the underlying stock
Risks associated with the use of derivatives such as futures and swaps
Low trading volume and assets under management, which can impact liquidity

👤 Best For

This ETF is designed for experienced, risk-tolerant investors seeking to make short-term, speculative bets against the performance of Alphabet Inc. (Class C) stock. It is not suitable for long-term buy-and-hold investors or those with a low risk tolerance.