Direxion Daily AMZN Bear 1X Shares (AMZD)
NASDAQ (NMS) NASDAQ (NMS) Primary Summary
AMZD Chart
Tariff Tumble Could Spell Opportunity With This Amazon ETF
Shares of Amazon (AMZN) slipped 5% October 10, joining other mega-cap growth stocks to the downside after the president renewed tariff threats against China. The specter of the White House potentially firing thousands of currently furloughed government workers didn't help matters for consumer cyclical stocks.
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Some Magnificent Seven Names Are Worth Buying Now
The adage of “the bigger they are, the harder they fall” has been holding true for the S&P 500's biggest names, or more specifically, the Magnificent Seven. However, there are some names that could be worth buying, as listed by Yahoo Finance.
Direxion Daily AMZN Bear 1X Shares Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| PSC PayPay Securities Corp. PayPay Securities Corp. | 3,290 | $33,581.01 | $31,419.5 | -$2,161.51 | -6.44% |
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Direxion Daily AMZN Bear 1X Shares Profile
| NASDAQ (NMS) Exchange | US Country |
Overview
The fund described is designed to offer investors a specialized investment vehicle that seeks to provide inverse or negative exposure to the performance of Amazon.com, Inc. (AMZN). This strategic approach allows investors to potentially profit from declines in AMZN's stock price. Key to the fund's strategy is the utilization of financial derivatives such as swap agreements and options to achieve its investment objective. By pledging at least 80% of its net assets (plus any borrowings made for investment purposes) towards these financial instruments, the fund aims to leverage daily movements in AMZN's stock in the opposite direction at a 1X ratio. This fund is non-diversified, meaning it concentrates its investments in a specific sector or asset, in this case, instruments related to the performance of a single company.
Products and Services
- Swap Agreements
- Options Contracts
Swap agreements are a cornerstone of the fund's strategy to provide inverse exposure to AMZN. These are derivative contracts through which two parties exchange financial instruments, typically involving cash flows based on a notional principal amount that both parties agree to. For this fund, swap agreements help mirror the opposite performance of AMZN, allowing it to gain when AMZN's price drops.
The fund also employs options contracts to achieve its investment goals. Options give the holder the right, but not the obligation, to buy or sell a specific amount of a given stock at a predetermined price over a specific period. In the context of this fund, options are utilized to speculate on the decline in AMZN's share price, offering a way to enhance the fund's returns through strategies that benefit from downside movements in AMZN's stock.
