Direxion Daily AMZN Bear 1X Shares company info

What does Direxion Daily AMZN Bear 1X Shares do?
Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) is an investment fund designed to provide inverse exposure to the performance of Amazon.com, aiming to profit from declines in its stock price. It seeks to achieve its investment objective by dedicating its assets to various financial instruments and leveraging them to magnify the inverse of Amazon's daily performance. As a bear fund, its primary objective is to offer investors a tool for hedging against or speculating on negative movements in Amazon's share price. The fund focusing its efforts and strategies on tracking the inverse performance of one of the biggest e-commerce and cloud computing companies in the world. Direxion Daily AMZN Bear 1X Shares is tailored for traders looking for a short-term mechanism to capitalize on downward price movements of Amazon's stock.
Direxion Daily AMZN Bear 1X Shares company media
Company Snapshot

Is Direxion Daily AMZN Bear 1X Shares a public or private company?

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Ownership
Public

How many people does Direxion Daily AMZN Bear 1X Shares employ?

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Employees
56

What sector is Direxion Daily AMZN Bear 1X Shares in?

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Sector
ETF

Where is the head office for Direxion Daily AMZN Bear 1X Shares?

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Head Office
New York, United States

What year was Direxion Daily AMZN Bear 1X Shares founded?

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Year Founded
2022
What does Direxion Daily AMZN Bear 1X Shares specialise in?
/Exchange Traded Fund /Short Selling /Investment Management /Equity Derivatives /Risk Management /Market Analysis

What are the products and/or services of Direxion Daily AMZN Bear 1X Shares?

Overview of Direxion Daily AMZN Bear 1X Shares offerings
Tracks Inverse Daily Performance: AMZD aims to deliver the opposite daily return of AMZN. If AMZN's stock price increases by 1% in a day, AMZD would see a decrease of roughly 1%, and vice versa.
Targets 1x Inverse Daily Return: While AMZD strives to deliver a 100% inverse daily return to AMZN, it's important to note that due to compounding effects and fees, the actual returns may slightly differ over extended holding periods.
Uses Swaps and Options: AMZD utilizes financial instruments like swaps and options to achieve its objective of inverse daily return.
Non-Diversified: Unlike most ETFs that hold a basket of securities, AMZD focuses on a single stock (AMZN) making it a non-diversified holding.
Suitable for Short-Term Trading: AMZD is designed for short-term trading due to the compounding effect that can erode returns over longer periods.
Involves Higher Risks: AMZD carries greater risks compared to traditional ETFs due to its leveraged nature and focus on a single stock.