|Bid||52.28 x 800|
|Ask||53.24 x 800|
|Day's Range||52.55 - 55.54|
|52 Week Range||36.97 - 379.37|
|PE Ratio (TTM)||N/A|
|YTD Daily Total Return||27.67%|
|Beta (5Y Monthly)||-4.10|
|Expense Ratio (net)||1.07%|
The investment objective and strategy of each fund in the table below is to now seek daily leveraged, or daily inverse leveraged, investment results, before fees and expenses, of 200% or -200%, as applicable, of the performance of its underlying index, as shown below:
Due to recent market volatility and related developments, 10 funds will be underexposed to the market today. At market open, each fund will have the following exposure. This reduced exposure is for today, March 31, 2020, only.
The investment objective and strategy of each Fund in the table below is currently to seek daily leveraged, or daily inverse leveraged, investment results, before fees and expenses, of 300% or -300%, as applicable, of the performance of its underlying index. Effective after market close on March 31, 2020 each Fund's investment objective and strategy will change to seek daily leveraged, or daily inverse leveraged, investment results, before fees and expenses, of 200% or -200%, as applicable, of the performance of its underlying index, as shown below:
Recent and near unprecedented volatility across global markets, driven by the impact of the COVID-19 pandemic and oil price war, has dramatically increased the explicit and implicit cost of trading in the energy and commodities markets. While volatility will subside at some point, the ability to cost-effectively and efficiently access these markets may remain challenged for some time.
Crude oil prices plunged as the coronavirus contagion spread, and many U.S. energy companies struggle to stay afloat in this depressed market, potentially paving the way for inverse or bearish energy-sector ...
After scaling new highs to start the year on the initial U.S.-China trade deal, Wall Street is badly shaken by the fast-spreading coronavirus that has led to fears of a worldwide pandemic.
Guyana sits alongside South America’s North Atlantic coast and this small country, which is just about the same size as the state of Idaho, recently joined the ranks of oil producing nations. “Guyana officially joined the ranks of oil producing nations, after ExxonMobil and its partners began oil production offshore the South American country,” an OilPrice.com report noted.
Wall Street has been witnessing a tough ride this month due to U.S.-China trade conflicts, weak global economic data, low inflation and political unrest in Hong Kong.
Amid bearish fundamentals, many investors have turned bearish on the energy sector and are seeking to tap this opportunity. For them, an inverse or leveraged inverse play on energy or oil could be an excellent idea.