Direxion Daily AMZN Bear 1X ETF (AMZD)
Direxion Daily AMZN Bear 1X ETF operates in the Asset Management - Leveraged industry of the Financial Services sector, headquartered in New York City, NY, US. The stock last traded at $8.21, up 1.80% on the session, giving a market capitalisation of $10.9M. Its beta of -1.33 implies it has historically moved less than the broad market.
The Direxion Daily AMZN Bear 1X ETF, along with its counterpart, the Direxion Daily AMZN Bull 2X ETF, are constructed to deliver specific daily investment outcomes tied to the common shares of Amazon.com, Inc. (NASDAQ: AMZN). Before the deduction of any fees or expenses, the Bear 1X ETF (AMZD) aims to produce daily returns that precisely match 100% of the inverse (or opposite) performance of Amazon's stock. Conversely, the Bull 2X ETF endeavors to achieve daily returns equivalent to 200% of Amazon's daily performance.
Direxion Daily AMZN Bear 1X ETF is most often compared with the following Financial Services names: