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DXS5

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1d
1w
1m

Analysis and statistics

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About

DXS5.XETRA refers to an exchange-traded fund (ETF) traded on the XETRA exchange. XETRA is the electronic trading platform of the Frankfurt Stock Exchange. The specific ETF represented by the symbol DXS5 is the Xtrackers ShortDAX Daily Swap UCITS ETF 1C. This ETF aims to provide investors with the inverse (opposite) of the daily performance of the DAX index, before fees and expenses, through a swap agreement. In other words, it's designed to increase in value when the DAX index falls and decrease in value when the DAX index rises. The "Swap" component indicates that the fund uses a financial derivative called a swap to achieve its investment objective of mirroring the inverse daily performance. Investors typically use short ETFs like DXS5 to hedge against potential declines in the DAX index or to express a bearish view on the German stock market.
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Factors

Underlying Index Performance: DXS5.XETRA tracks an index. The ETF's price closely mirrors the index's movements. Positive index performance usually lifts the ETF, while negative impacts it negatively.

Supply and Demand: Like all ETFs, market forces dictate the price. High demand drives the price up. Increased selling pressure leads to price decreases.

Expense Ratio: The ETF's operating costs reduce returns. Higher expenses may lead to underperformance compared to similar ETFs with lower expense ratios.

Trading Volume and Liquidity: Higher liquidity means tighter bid-ask spreads. This means easier and potentially cheaper trading. Low volume can increase price volatility.

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