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DXS0

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

Analysis and statistics

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  • 52 Week Change
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  • Dividend Per Share
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About

The ETF with the financial product symbol DXS0.F refers to the Xtrackers ShortDAX Daily Swap UCITS ETF. This ETF is designed to provide the inverse of the daily performance of the DAX index. In other words, it aims to increase in value when the DAX index falls and decrease in value when the DAX index rises, before fees and expenses. As a swap-based ETF, it typically uses derivative contracts to achieve its investment objective. Investors utilize this ETF for hedging purposes or to take a short-term negative view on the German stock market, as represented by the DAX. It is important to note that due to its daily rebalancing and the use of swaps, its long-term performance may deviate significantly from a simple inverse of the DAX index's performance.
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Factors

Underlying Index Performance: DXS0.F tracks an index; its price closely mirrors the index's movements.

Supply and Demand: High demand pushes the price up; increased supply lowers it.

Market Sentiment: Overall market optimism or pessimism can influence DXS0.F's price.

Interest Rates: Rising rates can decrease the attractiveness of dividend-focused ETFs.

Currency Fluctuations: Changes in currency values can impact returns if the underlying assets are international.

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