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Asset Summary

Daily Performance Report for DXD ETF: Dec 9, 2024

Summary: The day started with DXD ETF opening at $24.86 and closing at $25.12. The ETF showed resilience throughout the day, with the highest price observed at $25.13 and the lowest at $24.75. The underlying asset had a trading range of $0.38 Overall, it was a positive trading day for DXD ETF, reflecting investor optimism and market activity.

Change in Closing Price: There was a net increase of $0.26 or 1.05% in the closing price from the opening to the closing price over the day.

Volume Analysis: Trading volume for DXD ETF was 486,979 units during Dec 9, 2024, indicating active market participation and investor interest.

Opening Price: The day started at $24.86.

Highest Price: The highest price observed during the day was $25.13.

Lowest Price: The lowest price observed during the day was $24.75.

Closing Price: The day ended at $25.12.

Asset Performance Metrics and Risk Characteristics:

Understanding asset performance is crucial for evaluating investment quality and making informed decisions. Metrics like trailing return and drawdown provide insights into how an asset has performed over time, its volatility, and the efficiency of its returns relative to risk. Performance indicators help assess the stability, risk, and reward of an investment, allowing investors and portfolio managers to make comparisons and strategize accordingly.

Asset Technical Analysis

Technical analysis involves evaluating an asset's price and volume data to forecast future movements and make informed trading decisions. By using various technical indicators and chart patterns, investors can gain insights into market trends, price momentum, and potential turning points. This section delves into essential technical metrics, including moving averages, pivot points, and other indicators that provide a snapshot of an asset's current technical stance. Analyzing these indicators helps investors identify entry and exit points, assess market sentiment, and refine their trading strategies. Explore the following technical analysis data to understand the asset's performance dynamics and make better-informed decisions.

Moving Averages

Moving Averages are commonly used to smooth out price data and identify trends over a specific period. Here’s a summary of the latest moving averages for various periods:

  • SMA (Simple Moving Average): Reflects the average price over a specific number of periods.
  • EMA (Exponential Moving Average): Gives more weight to recent prices, making it more responsive to new information.
  • WMA (Weighted Moving Average): Assigns a weight to each price, emphasizing more recent prices.
  • WEMA (Weighted Exponential Moving Average): Combines elements of both WMA and EMA for a more responsive moving average.

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Frequently Asked Questions

DXD specifically targets twice the inverse daily performance of the DJIA. Other leveraged inverse ETFs may focus on different indices or leverage levels. For example, SDS seeks twice the inverse of the S&P 500 Index, while QID provides twice the inverse of the Nasdaq-100 Index.

Similar ETFs to DXD include SH (ProShares Short S&P 500), which aims to provide inverse exposure to the S&P 500 Index, and QID (ProShares UltraShort QQQ), which seeks to provide twice the inverse exposure to the Nasdaq-100 Index.

Key performance metrics for DXD include its net asset value (NAV), expense ratio, total return, and tracking error. NAV indicates the per-share value of the ETF, the expense ratio reflects management and operational costs, total return encompasses income and capital gains, and tracking error measures deviation from the fund’s target performance.

DXD aims to provide twice the inverse of the DJIA's daily performance. Over one-day periods, it targets double the opposite movement of the DJIA. Due to daily rebalancing and the effects of compounding, performance over longer periods can differ significantly from twice the inverse of the DJIA's performance.

Investors can purchase shares of DXD through a brokerage account. It is traded on major stock exchanges under the ticker symbol "DXD" and can be bought and sold like other stocks and ETFs.

Yes, DXD can be held in retirement accounts such as IRAs or 401(k)s. However, due to its high-risk and leveraged nature, it is important to consider whether it aligns with your long-term investment strategy and risk tolerance.

DXD typically distributes dividends on a quarterly basis. These dividends are derived from the income generated by the underlying securities and derivatives held by the ETF.

DXD has an expense ratio of approximately 0.95%. This fee covers the costs of managing the ETF, including trading costs and administrative expenses.

Factors affecting DXD’s performance include changes in the DJIA, market conditions, and the effectiveness of the fund’s leveraged strategy. The daily rebalancing and effects of compounding can lead to performance deviations over longer periods.

DXD is managed to achieve its goal of providing twice the inverse daily performance of the DJIA. The fund utilizes leverage by employing financial derivatives such as futures contracts, options, and swaps to amplify its inverse exposure. The ETF is rebalanced daily to maintain its targeted leverage ratio.

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