Fund BasicsSee More
- Fund Family REX Shares
- Assets Under Management 5,504,000
- Shares Outstanding, K 160
- 60-Month Beta -6.35
- Price/Earnings ttm 0.00
- Annual Dividend & Yield 0.00 (0.00%)
- Most Recent Dividend N/A on N/A
- Management Fee 0.95%
|Period||Period Low||Period High||Performance|
| || |
-7.56 (-18.02%)since 05/24/22
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+13.91 (+67.89%)since 03/24/22
The year 2022 has been brutal so far for the stock market, with the S&P 500 Index plunging in bear-market territory.
The S&P 500 entered into a bear market last week. Steep Fed rate hike last week and chances of more such hikes in the coming months triggered heightened recessionary fears.
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.
The combination of factors has led to a steep sell-off in the growth sectors like technology, raising the appeal for inverse or inverse-leveraged ETFs.
Wall Street was downbeat last week due to rising rate worries.
The appeal for leveraged and inverse-leveraged ETFs has increased as these have fetched outsized returns on quick market turns in a short span.
|3rd Resistance Point||41.41|
|2nd Resistance Point||40.01|
|1st Resistance Point||37.20|
|1st Support Level||32.99|
|2nd Support Level||31.59|
|3rd Support Level||28.78|