Direxion Daily Cloud Computing Bear 2X Shares (CLDS)
|Day's Range||38.20 - 39.53|
|Inception Date||Jan 8, 2021|
The fund, under normal circumstances, invests in swap agreements, futures contracts, short positions or other financial instruments that, in combination, provide inverse (opposite) or short leveraged exposure to the index equal to at least 80% of the fund's net assets (plus borrowing for investment purposes). The index is provided by Indxx, LLC and includes domestic companies that deliver cloud computing infrastructure, platforms, or services. The fund is non-diversified.
At the beginning of the pandemic, the sun was shining on cloud computing as social distancing measures stressed a focus on online business models. Now, bearish sentiment is pushing the space lower, maki...
At the height of the pandemic, cloud computing stocks were one of the strongest subsectors of tech. However, the sector could be suffering a case of too much too soon as valuations of cloud computing co...
Big technology stocks are facing their biggest rout in more than a decade. The S&P 500's information-technology sector has dropped 20% so far this year.
Like the rest of the technology sector thus far in 2022, cloud computing has fallen to the wayside despite being a much-celebrated sub-sector amid the pandemic. With social distancing measures easing an...
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Cloud computing was one of the shining stars during the height of the pandemic, but although the technology sub-sector has seen weakness as of late, it should still provide tremendous growth opportuniti...
Cloud computing was one of the darlings during the height of the pandemic in 2020. The air may finally be coming out of that balloon, highlighted by the weakness in this tech sub-sector as of late.
It's been nothing but cloudy skies for the cloud computing space, allowing traders to play the bearish side of the technology sub-sector. Even before cloud computing gained increased popularity during t...
The technology sector was off to its worst start since the 2008 financial crisis due to inflationary pressure and Fed's hawkish tone.
Although inflationary fears and the rapidly spreading Omicron variant of COVID-19 have kept investors jittery, strong consumer confidence and a holiday sales surge have driven the market higher.
The month of November proved to be volatile for the U.S. stock market given rising inflation, a surge in COVID-19 cases and Fed's taper talks.
Higher rates tend to hit hard the technology sector as it relies on easy borrowing for superior growth.