The Direxion Daily NVDA Bull and Bear etf allows technology traders to play on both sides.
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Nvidia's story includes so much dynamism. Traders can consider Direxion Daily NVDA Bull 2X Shares (NASDAQ: NVDU) and Direxion Daily NVDA Bear 1X Shares (NASDAQ: NVDD), which are the two Direxion exchange-traded funds (ETFs). The former ETF is suitable for investors with a very aggressive position for semiconductor specialty companies. However, the latter fund will try to rise in reverse proportion if NVDA stumbles.
Both products are high-risk bets that should be introduced in a short-term framework. In both leveraged funds and reverse ETFs, risk compensation is a risk that there will be a discrepancy between the fund's expected return and actual return due to daily resets of leverage or reverse exposure (in the case of NVDD).
Both products are high-risk bets that should be introduced in a short-term framework. In both leveraged funds and reverse ETFs, risk compensation is a risk that there will be a discrepancy between the fund's expected return and actual return due to daily resets of leverage or reverse exposure (in the case of NVDD).
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