AXS 1.5X PYPL Bear Daily ETF (PYPS)
AXS 1.5X PYPL Bear Daily ETF operates in the Asset Management - Leveraged industry of the Financial Services sector. The stock last traded at $39.80, down 0.29% on the session, giving a market capitalisation of $1.1M. Its beta of 0.00 implies it has historically moved less than the broad market.
This actively managed Exchange Traded Fund (ETF) typically commits at least 67% of its assets, in usual market environments, to financial instruments. These instruments are structured to deliver an inverse, leveraged return equivalent to 1.5 times the daily movement of PYPL. The fund's explicit aim is to generate, on a daily basis and prior to accounting for fees and expenses, a performance that mirrors -150% of PYPL's single-day return; this target does not extend to any other duration. This outcome is primarily achieved by engaging in one or more swap contracts referencing PYPL. It functions as a non-diversified investment product.
AXS 1.5X PYPL Bear Daily ETF is most often compared with the following Financial Services names: