Direxion Daily Crypto Industry Bear 1X ETF (REKT)
Direxion Daily Crypto Industry Bear 1X ETF operates in the Asset Management industry of the Financial Services sector, headquartered in New York City, NY, US. The stock last traded at $18.02, down 0.58% on the session, giving a market capitalisation of $1.9M. Its beta of -2.45 implies it has historically moved less than the broad market.
The Direxion Daily Crypto Industry Bull 2X and Bear 1X Exchange-Traded Funds (ETFs) are designed to provide specific daily investment results, prior to accounting for fees and expenses. The Bull 2X ETF aims to achieve 200% (double) the positive daily performance of the Solactive Distributed Ledger & Decentralized Payment Tech Index, whereas the Bear 1X ETF seeks to deliver the 100% inverse (opposite) of that same index's daily movement. It is important to note, however, that there is no guarantee these funds will successfully meet their stated investment objectives.
Direxion Daily Crypto Industry Bear 1X ETF is most often compared with the following Financial Services names: