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FNGD

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

Analysis and statistics

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  • 52 Week Change
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  • 52 Week High/Low
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  • Dividend Per Share
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  • Market cap
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About

FNGD.US represents the Direxion Daily FTSE China Internet Bear 3X Shares ETF. This ETF aims to deliver three times the inverse (-3x) of the daily performance of the FTSE China Internet Index, seeking to profit from a decline in the value of Chinese internet companies listed in Hong Kong and the US. Investors should be aware that, due to the leverage and daily reset, FNGD is designed for short-term trading and is not suitable for long-term holding. Its performance over periods longer than one day can significantly deviate from the inverse of the underlying index's return, particularly in volatile markets.
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Factors

Major Holdings Performance: FNGD's inverse leverage means if the underlying stocks like Apple, Amazon, Meta, Google etc. rise, FNGD's price tends to fall.

Nasdaq-100 Index Movement: FNGD is directly linked to the Nasdaq-100's performance. A strong Nasdaq-100 typically leads to a decrease in FNGD's value.

Leverage Effect: Being a leveraged ETF, FNGD's price changes are amplified, making it more volatile than the Nasdaq-100 itself.

Market Sentiment: Overall investor optimism or pessimism towards tech stocks plays a crucial role. Negative sentiment can boost FNGD's price.

Interest Rates: Rising interest rates can negatively affect growth stocks, which make up a large portion of the Nasdaq-100, potentially increasing FNGD's value.

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