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XACT-BEAR-2

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

Analysis and statistics

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About

XACT Bear 2 is an exchange-traded fund (ETF) listed on the Nasdaq Stockholm stock exchange with the ticker symbol XACT-BEAR-2.ST. It is designed to provide twice the inverse (or opposite) of the daily performance of the OMX Stockholm 30 Index (OMXS30). In simpler terms, if the OMXS30 declines in value, XACT Bear 2 is designed to increase in value by approximately twice that percentage. Conversely, if the OMXS30 rises, XACT Bear 2 is designed to decrease by approximately twice that percentage. Due to the leverage and daily reset, its performance over longer periods can deviate significantly from a simple inverse multiple of the OMXS30's return. It is intended for short-term trading and should be used with caution.
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Factors

Index Performance: The underlying OMXS30 index's inverse performance directly impacts XACT-BEAR-2.ST. If OMXS30 falls, XACT-BEAR-2.ST rises, and vice versa.

Management Fees & Expenses: The ETF's expense ratio lowers returns, subtly affecting its price over time.

Supply and Demand: High demand for XACT-BEAR-2.ST pushes the price up, while increased selling pressure lowers it.

Tracking Error: Imperfect tracking of the inverse OMXS30 performance leads to price deviations.

Currency Fluctuations: Changes in SEK valuation influence the price if the underlying assets are exposed to other currencies.

Market Sentiment: Broad investor attitudes impact OMXS30, which then influences XACT-BEAR-2.ST's value inversely.

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