Direxion Daily AAPL Bear 1X Shares ( NYSEARCA:AAPD ) carries a 3.43% dividend yield, but calling these payments “dividends” in the traditional sense is misleading.
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| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| PSC PayPay Securities Corp. PayPay Securities Corp. | 2,615 | $41,773.34 | $31,798.4 | -$9,974.94 | -23.88% |
Elliot Kallen Prosperity Wealth Management, Inc. | 29,110 | $381,632 | $353,977.6 | -$27,654.4 | -7.25% |
| NASDAQ (NMS) Exchange | US Country |
The fund described is a financial investment vehicle that primarily focuses on providing investors with inverse exposure to AAPL (Apple Inc.). This means the fund aims to increase in value inversely proportional to the performance of AAPL stock. By investing at least 80% of its net assets, along with any borrowings for investment purposes, into financial instruments such as swap agreements and options, the fund achieves its goal of 1X daily inverse exposure. This strategy is especially appealing for investors looking to hedge against or speculate on the decline in the price of AAPL shares. It is important to note that the fund is non-diversified, indicating a highly focused investment approach that may carry a higher level of risk compared to diversified funds.
The primary offering of the fund is its investment strategy focused on providing 1X daily inverse exposure to AAPL. This is achieved through the use of financial derivatives like swap agreements and options. The goal here is to profit from or hedge against declines in AAPL's stock price.
Being a non-diversified fund, it concentrates its investments in specific financial instruments that achieve its objective of inverse exposure to AAPL. While this may increase potential returns, it similarly elevates the risk, making it suitable for investors who are comfortable with high-risk investment strategies.