Direxion Daily CSI 300 China A Share Bear 1X Shares (CHAD)
Direxion Daily CSI 300 China A Share Bear 1X Shares operates in the Asset Management industry of the Financial Services sector, headquartered in New York City, NY, US. The stock last traded at $19.39, up 0.00% on the session, giving a market capitalisation of $197.4M. Its beta of -0.26 implies it has historically moved less than the broad market.
Under typical market conditions, this fund aims to deliver returns that are the inverse of its benchmark index. It does so by strategically investing at least 80% of its total assets (inclusive of leverage) in financial instruments such as swap agreements, futures contracts, and short positions. The benchmark itself is a modified free-float market capitalization-weighted index, tracking the largest and most liquid Chinese A-shares available. It is important to note that the fund is classified as non-diversified.
Direxion Daily CSI 300 China A Share Bear 1X Shares is most often compared with the following Financial Services names: