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DXBU

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1d
1w
1m

Analysis and statistics

  • Open
    21.6469$
  • Previous Close
    21.6469$
  • 52 Week Change
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  • Day Range
    0.00$
  • 52 Week High/Low
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  • Dividend Per Share
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  • Market cap
    --$
  • EPS
    --
  • Beta
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  • Volume
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About

DXBU.TO is the ticker symbol for the Horizons USD Cash Maximizer ETF. It is a Canadian-listed exchange-traded fund (ETF) that seeks to maximize U.S. dollar cash returns by investing primarily in high-interest U.S. dollar deposit accounts at Canadian banks. The ETF is designed for investors seeking a liquid and secure way to hold U.S. dollars and earn a competitive yield.
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Factors

DXBU.TO is a leveraged inverse ETF, meaning its price movements are affected by several factors: Underlying Bitcoin Futures Price: DXBU aims to deliver twice the inverse daily performance of Bitcoin futures. Therefore, fluctuations in Bitcoin futures prices have a magnified negative impact on DXBU's price.

Leverage: The 2x leverage means DXBU's price changes are approximately double the inverse percentage change in the underlying Bitcoin futures. This amplifies both gains and losses.

Cost of Leverage: Maintaining leverage incurs costs. These costs, including borrowing fees and management fees, are factored into DXBU's price and can erode returns over time.

Daily Resetting: DXBU resets its leverage daily. This means that its performance over longer periods may deviate significantly from twice the inverse of the underlying asset's performance due to compounding effects.

ETF Supply and Demand: Market demand for DXBU shares relative to its supply can influence its price, potentially causing it to trade at a premium or discount to its net asset value (NAV).

Volatility: High volatility in Bitcoin futures can lead to increased trading costs and potential tracking errors, affecting DXBU's price.

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