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SKOR

$--
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1d
1w
1m

Analysis and statistics

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About

SKOR.US refers to the Direxion Daily Real Estate Bear 3X Shares ETF. This ETF aims to deliver triple (3x) the inverse (opposite) of the daily performance of the Real Estate Select Sector Index. Therefore, SKOR is designed for investors who believe that the real estate sector, as represented by the index, will decline in value on a given day. It's a leveraged ETF, meaning it uses financial derivatives and debt to amplify returns, but also magnifies potential losses. Due to the effects of compounding, its performance over periods longer than a single day can significantly deviate from the stated 3x inverse daily performance objective. It is considered a high-risk investment and is generally suitable for sophisticated traders with a short-term outlook.
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Factors

Here's a breakdown of factors influencing the price of the Roundhill ProSports Sponsors ETF (SKOR.US): Sponsor Performance: SKOR tracks companies that sponsor professional sports. Their financial health directly impacts the ETF's price.

Sports Industry Health: The overall growth and popularity of professional sports influence sponsor revenue and, consequently, SKOR.

Market Sentiment: General market conditions and investor risk appetite affect demand for thematic ETFs like SKOR.

Expense Ratio: The ETF's expense ratio can slightly reduce returns and impact its price over time.

Index Tracking: SKOR's price reflects how closely it follows its underlying index of sports sponsors.

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