AXS 2X NKE Bear Daily ETF (NKEQ)
AXS 2X NKE Bear Daily ETF operates in the Asset Management - Leveraged industry of the Financial Services sector, headquartered in US. The stock last traded at $28.95, up 0.00% on the session, giving a market capitalisation of $855,588. Its beta of 0.00 implies it has historically moved less than the broad market.
This actively managed exchange-traded fund (ETF) endeavors to achieve, on a daily basis and before accounting for fees and expenses, a performance that is two times the inverse of Nike's stock (NKE). Under typical market conditions, the fund's advisor will allocate at least 80% of its assets to financial instruments structured to provide this inverse, two-fold leveraged exposure to NKE's daily movements. This target applies solely to single-day returns and is not intended for any extended duration. The fund primarily attains its objective by engaging in one or more swap agreements tied to NKE. It is important to note that this fund maintains a non-diversified portfolio.
AXS 2X NKE Bear Daily ETF is most often compared with the following Financial Services names: