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CLDS - Direxion Daily Cloud Computing Bear 2X Shares

Stock Price: $17.87 USD -0.20 (-1.13%)
Updated Jul 23, 2021 4:00 PM EDT - Market closed
After-hours: $17.87 0.00 (0.00%) Jul 23, 8:00 PM
Assets $14.46M
NAV $18.08
Expense Ratio 1.07%
PE Ratio n/a
Beta (5Y) -4.13
Dividend (ttm) n/a
Dividend Yield n/a
Ex-Dividend Date n/a
1-Year Return -
Trading Day July 23
Last Price $17.87
Previous Close $18.07
Change ($) -0.20
Change (%) -1.13%
Day's Open 18.19
Day's Range 17.84 - 18.19
Day's Volume 260
52-Week Range 17.84 - 29.22

Fund Description

The investment seeks daily investment results, before fees and expenses, of 200% of the inverse (or opposite) of the daily performance of the Indxx USA Cloud Computing Index. 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.

Asset Class
Equity
Inception Date
Jan 8, 2021
Exchange
NYSEARCA
Ticker Symbol
CLDS
Index Tracked
Indxx USA Cloud Computing Index

News

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The technology sector is witnessing weakness since the start of the week amid intensifying fears of increasing inflation and rising interest rates.

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Investors looking for a scorching hot corner of the technology sector need not look much further than cloud computing stocks and the related exchange traded funds. What Happened As is often said, where ...

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6 months ago - Benzinga

Direxion launched two new leveraged ETFs that focus on companies that are involved in the delivery of computing services – servers, storage, databases, networking, software, analytics, and more, over th...

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