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Asset Summary

Daily Performance Report for DUSL ETF: Nov 14, 2024

Summary: The day started with DUSL ETF opening at $73.3 and closing at $70.88. The ETF showed weakness throughout the day, with the highest price observed at $73.3 and the lowest at $70.88. The underlying asset had a trading range of $2.42 Overall, it was a negative trading day for DUSL ETF, reflecting investor pessimism and market activity.

Change in Closing Price: There was a net decrease of $-2.42 or -3.30% in the closing price from the opening to the closing price over the day.

Volume Analysis: Trading volume for DUSL ETF was 5,886 units during Nov 14, 2024, indicating active market participation and investor interest.

Opening Price: The day started at $73.3.

Highest Price: The highest price observed during the day was $73.3.

Lowest Price: The lowest price observed during the day was $70.88.

Closing Price: The day ended at $70.88.

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

DUSL has an expense ratio of approximately 0.95%. This fee covers the cost of managing the ETF, including leverage-related expenses.

Historical performance data for DUSL includes daily returns, NAV, and tracking accuracy relative to the S&P 500 High Beta Index. Investors should review the fund’s performance reports for detailed historical data.

DUSL is managed by Direxion Funds. The ETF uses leverage to amplify the daily returns of the S&P 500 High Beta Index. It is rebalanced daily to maintain the 2x leverage ratio.

Key performance metrics include the ETF’s net asset value (NAV), expense ratio, daily performance relative to the S&P 500 High Beta Index, and tracking error. Performance should be evaluated on a daily basis due to the fund's leveraged nature.

Risks include high volatility and the effects of leverage, which can amplify both gains and losses. DUSL is designed for short-term trading and may not be suitable for long-term investment due to compounding effects.

Factors include the volatility of the S&P 500 High Beta Index, market conditions, the impact of leverage, and daily rebalancing. Performance may deviate from 2x the index’s daily return due to these factors.

While DUSL can be held in retirement accounts such as IRAs or 401(k)s, its leveraged nature makes it more suitable for short-term trading rather than long-term retirement investing.

The liquidity of DUSL is measured by its trading volume and bid-ask spread. Higher trading volumes generally indicate better liquidity, which can result in narrower spreads and lower trading costs.

DUSL aims to deliver twice the daily performance of the S&P 500 High Beta Index. Performance can vary significantly due to daily rebalancing and the impact of leverage, especially over longer periods.

Similar ETFs include: SPXL (Direxion Daily S&P 500 Bull 3x Shares): Provides 3x daily leverage on the S&P 500 Index. TQQQ (ProShares UltraPro QQQ): Offers 3x daily leverage on the NASDAQ-100 Index. XLB (Xponential ETF): Targets high beta stocks but without leverage.

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