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DXSI

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1d
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1m

Analysis and statistics

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About

DXSI.XETRA refers to an Exchange Traded Fund (ETF) called Xtrackers ShortDAX Daily Swap UCITS ETF 1D, traded on the XETRA exchange, which is the trading venue of the Frankfurt Stock Exchange. This ETF is designed to provide a *daily inverse* performance of the DAX index. Essentially, it aims to deliver the opposite of the DAX's daily returns. The "1D" indicates that it is a daily inverse fund, and "Swap" signifies that it uses a swap agreement to achieve its investment objective, rather than directly holding the underlying DAX stocks. As a short or inverse ETF, it is typically used for short-term hedging or speculative purposes, and is not generally considered suitable for long-term investment due to the effects of compounding over time.
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Factors

Underlying Index Performance: The price of DXSI.XETRA is heavily influenced by the performance of its benchmark index, the Solactive Hydrogen Top Selection Index.

Supply and Demand: Basic economic principles dictate that higher demand for DXSI.XETRA shares, relative to supply, will drive up its price, and vice versa.

Investor Sentiment: Overall market sentiment, particularly towards hydrogen energy and related sectors, can impact DXSI.XETRA's price.

Currency Fluctuations: As DXSI.XETRA is traded on the XETRA exchange, currency exchange rates between the Euro and the currencies of the underlying assets can play a role.

Interest Rates: Changes in interest rates can affect the attractiveness of DXSI.XETRA compared to other investment options.

Expense Ratio and Tracking Error: The ETF's expense ratio and how closely it tracks its underlying index can also influence its price relative to the index.

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