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DXSM

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

Analysis and statistics

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About

The ETF with the symbol DXSM.XETRA represents the Xtrackers ShortDAX Daily Swap UCITS ETF 1C. This ETF is designed to provide investors with a daily inverse exposure to the performance of the DAX index, a major German stock market index. It achieves this inverse relationship through a swap-based replication strategy, meaning it doesn't directly hold the underlying securities of the DAX. Instead, it enters into a swap agreement with a counterparty to exchange the returns of the swap agreement for the returns of the DAX index in a short position. The "UCITS" designation indicates it's regulated under the Undertakings for Collective Investment in Transferable Securities directive, a European Union framework that aims to protect investors. The "1C" in the name typically indicates details about the share class, such as the fee structure or currency.
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Factors

Underlying Asset Performance: DXSM tracks specific stocks. Their price changes directly impact the ETF's value.

Supply and Demand: High buyer interest pushes prices up, while increased selling pressure causes them to fall.

Currency Exchange Rates: As DXSM trades on XETRA, fluctuations in the Euro's value against currencies affect its price.

Market Sentiment: Overall investor optimism or pessimism influences demand for DXSM and its underlying assets.

Index Rebalancing: Changes in the composition of the tracked index lead to buying/selling activity affecting the price.

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