NKEQ

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Axs 2x Nke Bear Daily Etf

28.95

0.00 (0.00%)

Last Update: 27 Jun 2023 16:30:00

Yesterday: 28.95

Day's Range: 28.95 - 28.95

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When Written:

26.13

The AXS 2X NKE Bear Daily ETF is an exchange-traded fund that seeks to provide daily investment results that correspond to twice the inverse (-2x) of the daily performance of the underlying index, which is the Dow Jones U.S. Footwear Index. The fund is designed to provide investors with a way to profit from a decline in the performance of the footwear industry, specifically the performance of Nike Inc. (NKE), which is the largest holding in the index. The fund is managed by AXS Investments and trades on the NYSE Arca under the ticker symbol "SNKE". It is important to note that this ETF is designed for short-term trading and is not suitable for long-term investors due to its daily reset feature, which can lead to significant losses if held for an extended period.

Note: This message is generated by artificial intelligence; it does not guarantee the accuracy of the information it contains and should not be considered as investment advice.

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