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Axs Short China Internet Etf
19.98
0.00 (0.00%)
Last Update: 27 Jun 2023 16:30:00
Yesterday: 19.98
Day's Range: 19.98 - 19.98
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When Written:
18.56
The AXS Short China Internet ETF (ticker symbol: SCIX) is an exchange-traded fund that seeks to provide inverse exposure to the performance of the CSI Overseas China Internet Index. The fund aims to provide investors with a way to profit from a decline in the Chinese internet sector by shorting, or betting against, the underlying index.
The CSI Overseas China Internet Index tracks the performance of the largest and most liquid Chinese internet companies that are listed on overseas exchanges. These companies are involved in a range of internet-related businesses, including e-commerce, social media, online gaming, and internet services.
The AXS Short China Internet ETF uses a short-selling strategy to profit from a decline in the value of the underlying index. This means that the fund borrows shares of the index and sells them in the market, with the expectation that the price of the shares will fall. If the price does indeed fall, the fund can buy back the shares at a lower price and return them to the lender, pocketing the difference as profit.
Investors should be aware that short-selling involves significant risk, as the potential losses from a short position are unlimited. The AXS Short China Internet ETF is therefore best suited for experienced investors who are comfortable with the risks involved in short-selling and who have a bearish outlook on the Chinese internet sector.
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.
The CSI Overseas China Internet Index tracks the performance of the largest and most liquid Chinese internet companies that are listed on overseas exchanges. These companies are involved in a range of internet-related businesses, including e-commerce, social media, online gaming, and internet services.
The AXS Short China Internet ETF uses a short-selling strategy to profit from a decline in the value of the underlying index. This means that the fund borrows shares of the index and sells them in the market, with the expectation that the price of the shares will fall. If the price does indeed fall, the fund can buy back the shares at a lower price and return them to the lender, pocketing the difference as profit.
Investors should be aware that short-selling involves significant risk, as the potential losses from a short position are unlimited. The AXS Short China Internet ETF is therefore best suited for experienced investors who are comfortable with the risks involved in short-selling and who have a bearish outlook on the Chinese internet sector.
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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