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DXS5

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Analysis and statistics

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About

The ETF with the symbol DXS5.F refers to the Xtrackers S&P 500 Inverse Daily Swap UCITS ETF. This ETF, traded on the Frankfurt Stock Exchange (indicated by the ".F" suffix), aims to provide investors with the inverse (opposite) of the daily performance of the S&P 500 Index. It employs a swap-based replication strategy, meaning it doesn't directly hold the underlying stocks of the S&P 500, but rather enters into a swap agreement with a counterparty to achieve the desired inverse return. This ETF is designed for short-term tactical trading strategies and is not suitable for long-term investment due to the compounding effect of daily resets.

Factors

Underlying Index Performance: DXS5.F tracks the S&P 500. Index movements directly impact the ETF's price.

Supply and Demand: ETF share creation/redemption affects price. High demand can raise it, low demand lowers it.

Management Fees/Expenses: The ETF's operating costs are factored into the price, reducing returns slightly.

Currency Exchange Rates: As a European ETF, currency fluctuations between EUR and USD impact its price.

Interest Rates: Changes in interest rates can affect investor sentiment and thus impact demand for the ETF.

Market Sentiment: Overall market optimism or pessimism can influence trading activity and price.

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