US25460E8690 - ETF
DIREXION DLY S&P 500 BEAR 1X
NYSEARCA:SPDN (12/6/2024, 8:15:12 PM)
After market: 10.7397 +0.02 (+0.18%)10.72
-0.02 (-0.19%)
The Direxion Daily SP 500 Bear 1X Shares seeks daily investment results, before fees and expenses, of 100% of the inverse (or opposite) of the performance of the SP 500 Index.
DIREXION DLY S&P 500 BEAR 1X
Although inverse ETFs present significant risks to everyday investors, they also provide a convenient mechanism to short the market.
In concurrence with a few other analysts, Robert Kiyosaki asserted last month that a major market collapse is likely this month. So, if one accepts this prediction, we think inverse ETFs ProShares UltraPro Short QQQ (SQQQ), ProShares Short Dow30 (DOG), ProShares Short Russell2000 (RWM), and Direxion Daily S&P 500 Bear 1X Shares (SPDN) could be good additions one’s portfolio. Read on for an explanation.
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