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XTZS

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

Analysis and statistics

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About

The ETF with the symbol XTZS.XETRA trades on the XETRA exchange (Deutsche Börse's trading venue) and tracks the ShortDAX x2 Daily Leveraged index. This ETF provides a leveraged inverse exposure to the DAX index, meaning it aims to deliver twice the inverse daily performance of the DAX. Therefore, if the DAX decreases, the ETF is designed to increase proportionally (leveraged by a factor of two), and vice versa. This type of ETF is designed for short-term trading strategies and is not suitable for long-term holding due to the effects of compounding and volatility.
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Factors

Underlying Asset Performance: The ETF's price largely reflects the performance of the underlying assets it tracks, which could be a specific index, commodity, or basket of securities.

Supply and Demand: Higher demand for the ETF units drives the price up, while increased selling pressure can lead to a price decrease.

Market Sentiment: General investor optimism or pessimism regarding the tracked market or asset class can influence the ETF's price.

Expense Ratio and Trading Costs: The fund's management fees and brokerage commissions impact returns and can affect the attractiveness of the ETF.

Currency Fluctuations: Changes in the exchange rate between the ETF's trading currency and the currency of the underlying assets can affect the price, especially for ETFs holding international assets.

Interest Rates: Changes in interest rates can affect the attractiveness of fixed income ETFs and, indirectly, equity ETFs.

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