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SMAX

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

Analysis and statistics

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About

SMAX.US is the symbol for the Direxion Daily Small Cap Bull 3X Shares ETF. This ETF aims to provide three times the daily investment results of the Russell 2000 Index, which tracks the performance of small-capitalization U.S. companies. As a leveraged ETF, SMAX is designed for short-term trading and is not intended for long-term investment due to the effects of compounding.
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Factors

Underlying Index Performance: SMAX tracks the Solactive US Broad Technology Index. This index's performance directly influences SMAX's NAV and market price. If the index rises, SMAX is likely to increase, and vice versa.

Supply and Demand: General market sentiment towards technology stocks and SMAX specifically affects its price. High demand can drive the price above NAV, while increased selling pressure can lower it.

Expense Ratio: Although not directly affecting intraday price swings, SMAX's expense ratio reduces its long-term returns, making it less attractive if higher than similar ETFs.

Trading Volume and Liquidity: Higher trading volume generally leads to tighter bid-ask spreads and more efficient price discovery. Low liquidity can cause price volatility and deviations from NAV.

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