Fund BasicsSee More
- Fund Family REX Shares
- Assets Under Management 548,400
- Shares Outstanding, K 50
- 60-Month Beta -2.93
- Price/Earnings ttm 15.01
- Annual Dividend & Yield N/A (0.00%)
- Most Recent Dividend N/A on N/A
- Management Fee 0.95%
|Period||Period Low||Period High||Performance|
| || |
-0.78 (-6.66%)since 08/24/21
| || |
-3.55 (-24.44%)since 06/24/21
| || |
-128.27 (-92.12%)since 09/24/20
The broad market sell-off has resulted in a spike for inverse or inverse leveraged ETFs. These products either create a short position or a leveraged short position in the underlying index.
Wall Street was moderately upbeat last week.
Rate hike talks weighed on the stock market last week. These inverse/leveraged ETF areas gained the maximum.
Last week was downbeat for Wall Street. Simple profit-booking and some warnings from the too-big-to-fail companies probably led to this crash.
Global markets were charged up last week with the S&P 500, the Dow Jones and the Nasdaq Composite gaining about 1.9%, 0.5% and 3.2% respectively.
The month of September has been brutal for the U.S. stock market with the S&P 500 Index on track for its sharpest decline in September since 2002.
The broad market sell-off has resulted in a spike for inverse or inverse leveraged ETFs.
Investors rushed to leveraged or inverse leveraged ETFs to increase returns on quick market turns in a short span.
We have highlighted seven leveraged inverse ETFs that have piled up handsome gains in February though these involve a great deal of risk when compared to traditional products.
The rapidly spreading coronavirus has made investors jittery this week, sending the global market into a tailspin. This has resulted in strong demand for inverse or inverse leveraged ETFs.
|3rd Resistance Point||11.85|
|2nd Resistance Point||11.63|
|1st Resistance Point||11.30|
|1st Support Level||10.75|
|2nd Support Level||10.53|
|3rd Support Level||10.20|