PYPS
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Axs 1.5x Pypl Bear Daily Etf
39.8
+28.6 (+254.45%)
Last Update: 27 Jun 2023 16:30:00
Yesterday: 11.24
Day's Range: 39.8 - 39.8
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When Written:
34.24
AXS 1.5X PYPL Bear Daily ETF is an exchange-traded fund that seeks to provide daily investment results that are 1.5 times the inverse of the daily performance of the PYPL Index. The PYPL Index is a modified market capitalization-weighted index that tracks the performance of companies in the payment processing industry.
This ETF is designed for investors who believe that the payment processing industry, as represented by the PYPL Index, will experience a decline in value. By providing inverse exposure to the index, the fund aims to generate returns that are negatively correlated to the performance of the index.
The fund is managed by AXS Investments and trades on the NYSE Arca exchange under the ticker symbol "PYZS". It has an expense ratio of 1.50% and is considered a leveraged ETF, which means it uses financial derivatives and debt to amplify its returns. However, leveraged ETFs are generally considered to be riskier than traditional ETFs, as they can experience greater losses during market downturns.
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.
This ETF is designed for investors who believe that the payment processing industry, as represented by the PYPL Index, will experience a decline in value. By providing inverse exposure to the index, the fund aims to generate returns that are negatively correlated to the performance of the index.
The fund is managed by AXS Investments and trades on the NYSE Arca exchange under the ticker symbol "PYZS". It has an expense ratio of 1.50% and is considered a leveraged ETF, which means it uses financial derivatives and debt to amplify its returns. However, leveraged ETFs are generally considered to be riskier than traditional ETFs, as they can experience greater losses during market downturns.
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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