EDZ - Direxion Daily MSCI Emerging Markets Bear 3X Shares
| Previous Close | 42.73 |
| Open | 42.78 |
| Bid | 42.85 x 1100 |
| Ask | 42.86 x 800 |
| Day's Range | 42.52 - 42.96 |
| 52 Week Range | 38.50 - 73.30 |
| Volume | 151,686 |
| Avg. Volume | 250,722 |
| Net Assets | 70.94M |
| NAV | 42.64 |
| PE Ratio (TTM) | N/A |
| Yield | 0.98% |
| YTD Return | -28.44% |
| Beta (3Y Monthly) | -2.30 |
| Expense Ratio (net) | 1.09% |
| Inception Date | 2008-12-17 |
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Wary of an Emerging Market Pullback? There Are ETFs for That
The emerging markets have been outperforming, but some prominent Wall Street banks are issuing a word of caution if the risk-on sentiment suddenly sours. Investors who are wary of any potential risks can look to bearish or inverse exchange traded funds to hedge their developing market bets. After the quick rebound to start off the new year, Societe Generale SA, Bank of America Corp. and Wells Fargo & Co. are warning that there might not be much value left in developing nations, pointing toward potential pitfalls ahead, Bloomberg reports.
- ETF Trends•7 months ago
5 ETFs to Be Thankful for This Year-to-Date
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- Investopedia•7 months ago
Emerging Markets: Emerging Short Opportunity?
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- ETF Trends•8 months ago
Leveraged ETF Continues to Benefit as Emerging Markets Sell-Off Deepens
Last week's sell-off in U.S. equities is spilling over into the emerging markets space, leaving investors to wonder when the strategy for value-hunting in EM turns into outright avoidance. One ETF that has been benefitting from EM's unceremonious fall from its rise in 2017 is the Direxion Daily MSCI Emerging Markets Bear 3X ETF (EDZ) . EDZ seeks daily investment results that equal 300% of the inverse of the daily performance of the MSCI Emerging Markets IndexSM. The index is a free float-adjusted market capitalization weighted index that is designed to represent the performance of large- and mid-capitalizations securities across the 24 emerging market countries.
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While emerging markets have been roiled by ongoing trade wars this year, they've only been exacerbated by surging U.S. Treasury yields as of late with the benchmark yields rising beyond the 3% level, taking investor attention away from equities and bonds from abroad. EDZ seeks daily investment results that equal 300% of the inverse of the daily performance of the MSCI Emerging Markets IndexSM. The fund invests in swap agreements, futures contracts, short positions or other financial instruments that provide inverse or short leveraged exposure to the index, which is a free float-adjusted market capitalization weighted index that is designed to represent the performance of large- and mid-capitalizations securities across the 24 emerging market countries.
- Benzinga•9 months ago
Traders Tempt Fate With This Emerging Markets ETF
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- ETF Trends•10 months ago
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Some of the world’s largest money managers are concerned that President Donald Trump could escalate his trade stance and throw the emerging markets into greater turmoil. Nevertheless, investors who concerned ...
- Benzinga•10 months ago
This ETF Loves Turkish Turmoil
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- ETF Trends•11 months ago
Trade Wars Spotlight Leveraged China ETFs
Amid escalating trade tensions between the U.S. and China, the world's two largest economies, Chinese stocks and the related US-listed ETFs are slumping. China’s purchasing manager index readings for June already revealed a gauge of export orders falling, which suggested that the trade war is already impeding growth. Risk-tolerant traders may want to consider the Direxion Daily FTSE China Bull 3X ETF (YINN) and Direxion Daily FTSE China Bear 3X ETF (YANG) .
- ETF Trends•last year
China ETFs to Use For Bearish and Bullish Plays
While it's no question that the trade wars between the U.S. and China have been roiling the markets for both respective economic superpowers, China ETF traders will often have to wait and see how the market reacts in order to play the bull or bear, but Direxion Investments offers ETFs that allow traders to play both sides. Direxion offers the Direxion Daily FTSE China Bull 3X ETF (YINN) and Direxion Daily FTSE China Bear 3X ETF (YANG) to allow China ETF traders to be in the thick of the markets whether they decide to go long or short. Today marked the official day that U.S. President Donald Trump's administration began imposing tariffs on as much as 25 percent on $34 billion in Chinese imports.
- Benzinga•last year
Emerging Markets Bears Prowling With This ETF
The widely followed MSCI Emerging Markets is flirting with a year-to-date loss of 9.40 percent. On Thursday, 16 emerging markets exchange traded funds hit 52-week lows. That could present a good opportunity ...
- ETF Trends•last year
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Reversing their good fortunes from last year, the emerging markets have been among the worst performing areas of the global markets this year. However, exchange traded funds that take a bearish bet on ...
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