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3APE

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1d
1w
1m

Analysis and statistics

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About

The ETF with the symbol 3APE.XETRA refers to the WisdomTree 3x EUR Short DAX Daily ETF. This exchange-traded fund is designed to provide investors with a leveraged short exposure to the performance of the DAX index, which represents the 40 largest and most liquid German companies traded on the Frankfurt Stock Exchange. Being a 3x short ETF, it aims to deliver three times the inverse of the daily performance of the DAX index in Euro terms. Investors should be aware that leveraged ETFs are primarily intended for short-term trading strategies and are not suitable for long-term investments due to the effects of compounding and potential for significant losses.
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Factors

Underlying Asset Performance: 3APE.XETRA tracks the Solactive Metaverse Innovation Index. The performance of the assets within this index directly impacts the ETF's price.

Supply and Demand: Market forces of supply and demand influence the ETF's price. Increased demand pushes the price up, while increased supply pushes it down.

Expense Ratio: The ETF's expense ratio, which covers operational costs, indirectly affects its price by reducing overall returns.

Index Rebalancing: Periodic rebalancing of the Solactive Metaverse Innovation Index can cause price fluctuations in 3APE.XETRA as the ETF adjusts its holdings.

Investor Sentiment: Overall market sentiment towards metaverse-related investments can significantly impact the demand for 3APE.XETRA and thus its price.

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