AXS 2X PFE Bear Daily ETF (PFES)
AXS 2X PFE Bear Daily ETF operates in the Asset Management - Leveraged industry of the Financial Services sector, headquartered in US. The stock last traded at $51.93, up 0.70% on the session, giving a market capitalisation of $897,818. Its beta of 0.00 implies it has historically moved less than the broad market.
Normally, the fund's manager allocates at least 80% of its holdings to financial instruments engineered to deliver two times the inverse daily performance of PFE. This actively managed Exchange Traded Fund (ETF) is designed to deliver, before fees and expenses, a daily return equivalent to negative 200% of PFE's performance. This specific daily target is achieved through the use of swap agreements referencing PFE and is not intended to be indicative of performance over longer timeframes. The portfolio is considered non-diversified.
AXS 2X PFE Bear Daily ETF is most often compared with the following Financial Services names: