Direxion Daily Cloud Computing Bear 2X Shares (CLDS)
Direxion Daily Cloud Computing Bear 2X Shares operates in the Asset Management - Leveraged industry of the Financial Services sector, headquartered in New York City, NY, US. The stock last traded at $38.51, up 2.94% on the session, giving a market capitalisation of $16.0M. Its beta of 0.00 implies it has historically moved less than the broad market.
Under typical market conditions, this fund aims to deliver inverse (opposite) or short leveraged returns relative to its benchmark index. It achieves this primarily through investments in various financial instruments such as swap agreements, futures contracts, or direct short positions. At least 80% of the fund's net assets, supplemented by any capital borrowed for investment purposes, are dedicated to this strategy. The benchmark index, which is curated by Indxx, LLC, comprises U.S.-based companies that offer cloud computing infrastructure, platforms, or related services. This fund is structured as a non-diversified investment vehicle.
Direxion Daily Cloud Computing Bear 2X Shares is most often compared with the following Financial Services names: