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SPDN

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

Analysis and statistics

  • Open
    10.1706$
  • Previous Close
    10.1706$
  • 52 Week Change
    --
  • Day Range
    0.00$
  • 52 Week High/Low
    --
  • Dividend Per Share
    --
  • Market cap
    --$
  • EPS
    --
  • Beta
    --
  • Volume
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About

SPDN.US represents the Direxion Daily S&P 500 Bear 3X Shares ETF. This exchange-traded fund aims to deliver three times the inverse of the daily performance of the S&P 500 Index. It is designed for sophisticated investors seeking a short-term, leveraged investment to potentially profit from a decline in the S&P 500. Due to its leveraged nature and daily reset, SPDN is not suitable for long-term holding as its performance can deviate significantly from a simple inverse multiple of the S&P 500 over extended periods.

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Factors

Here are the factors that influence the price of SPDN.US ETFs. Underlying Index Performance: SPDN's price mirrors the inverse performance of the S&P 500. A decline in the S&P 500 generally causes SPDN's price to increase.

Market Sentiment: Negative market sentiment, like fear of a recession, can drive investors to SPDN as a hedge, increasing demand and price.

Interest Rates: Higher interest rates can sometimes negatively impact stock market performance, potentially leading to increased demand for inverse ETFs like SPDN.

Trading Volume and Liquidity: Higher trading volume and liquidity can lead to tighter bid-ask spreads and more efficient price discovery for SPDN.

Expense Ratio: SPDN's expense ratio will slightly detract from its overall performance, relative to the inverse of the S&P 500.

Supply and Demand: Basic supply and demand forces influence the price. High demand relative to supply increases the price, and vice versa.

Economic Data: Weak economic data (e.g., poor jobs reports) can negatively impact the S&P 500 and thus positively impact SPDN.

Volatility: Increased market volatility tends to benefit inverse ETFs in the short term, leading to increased demand and a higher SPDN price when S&P 500 declines.

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