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DFXIX

$--
--%
1d
1w
1m

Analysis and statistics

  • Open
    9.4367$
  • Previous Close
    9.4367$
  • 52 Week Change
    --
  • Day Range
    0.00$
  • 52 Week High/Low
    --
  • Dividend Per Share
    --
  • Market cap
    --$
  • EPS
    --
  • Beta
    --
  • Volume
    --

About

DFXIX.US represents the Direxion Daily Financial Bull 3X Shares ETF. This exchange-traded fund seeks daily investment results, before fees and expenses, of 300% of the performance of the Russell 1000 Financial Services Index. It essentially aims to amplify the daily returns of a broad segment of publicly traded financial service companies in the U.S., encompassing banks, insurance companies, and investment firms, by using leverage. Due to its leveraged nature, DFXIX is designed for short-term trading and is not suitable for long-term investment strategies.
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Factors

Volatility Index (VIX): DFXIX.US tracks inverse VIX futures. Higher VIX usually means lower DFXIX.US price and vice-versa.

VIX Futures Prices: DFXIX.US price is directly tied to the price of VIX futures contracts. Changes in futures prices impact DFXIX.US.

Roll Yield: VIX futures often trade at a premium to spot VIX (contango). DFXIX.US suffers from negative roll yield as it rolls its exposure.

Market Sentiment: Overall market fear and risk aversion significantly drive VIX and consequently DFXIX.US.

Time Decay: DFXIX.US experiences time decay, losing value over time due to the nature of inverse VIX futures.

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