ETFMG Prime 2x Daily Inverse Junior Silver Miners ETF (SINV)
ETFMG Prime 2x Daily Inverse Junior Silver Miners ETF operates in the Asset Management - Leveraged industry of the Financial Services sector, headquartered in DE, US. The stock last traded at $1.08, down 3.98% on the session, giving a market capitalisation of $127,482. Its beta of 0.00 implies it has historically moved less than the broad market.
This exchange-traded fund (ETF) aims to deliver a daily return that is twice the inverse (opposite) of an index tracking junior silver miners. The underlying index monitors the stock performance of smaller companies primarily focused on silver-related activities, including exploration, extraction, and processing. To achieve its leveraged inverse objective, the fund allocates at least 80% of its net assets to various derivative instruments like swap agreements, futures contracts, and short positions. It employs a concentrated, non-diversified investment strategy.
ETFMG Prime 2x Daily Inverse Junior Silver Miners ETF is most often compared with the following Financial Services names: