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Asset Summary

Weekly Performance Report for BIS ETF: Week 45, 2024

Summary: The Weekly started with BIS ETF opening at $15.47 and closing at $14.92. The ETF showed weakness throughout the Weekly, with the highest price observed at $15.76 and the lowest at $14.71. The underlying asset had a trading range of $1.05 Overall, it was a negative trading Weekly for BIS ETF, reflecting investor pessimism and market activity.

Change in Closing Price: There was a net decrease of $-0.55 or -3.56% in the closing price from the opening to the closing price over the Weekly.

Volume Analysis: Trading volume for BIS ETF was 51,866 units during Week 45, indicating active market participation and investor interest.

Opening Price: The Weekly started at $15.47.

Highest Price: The highest price observed during the Weekly was $15.76.

Lowest Price: The lowest price observed during the Weekly was $14.71.

Closing Price: The Weekly ended at $14.92.

Asset Performance Metrics and Risk Characteristics:

Understanding asset performance is crucial for evaluating investment quality and making informed decisions. Metrics like trailing return and drawdown provide insights into how an asset has performed over time, its volatility, and the efficiency of its returns relative to risk. Performance indicators help assess the stability, risk, and reward of an investment, allowing investors and portfolio managers to make comparisons and strategize accordingly.

Asset Technical Analysis

Technical analysis involves evaluating an asset's price and volume data to forecast future movements and make informed trading decisions. By using various technical indicators and chart patterns, investors can gain insights into market trends, price momentum, and potential turning points. This section delves into essential technical metrics, including moving averages, pivot points, and other indicators that provide a snapshot of an asset's current technical stance. Analyzing these indicators helps investors identify entry and exit points, assess market sentiment, and refine their trading strategies. Explore the following technical analysis data to understand the asset's performance dynamics and make better-informed decisions.

Moving Averages

Moving Averages are commonly used to smooth out price data and identify trends over a specific period. Here’s a summary of the latest moving averages for various periods:

  • SMA (Simple Moving Average): Reflects the average price over a specific number of periods.
  • EMA (Exponential Moving Average): Gives more weight to recent prices, making it more responsive to new information.
  • WMA (Weighted Moving Average): Assigns a weight to each price, emphasizing more recent prices.
  • WEMA (Weighted Exponential Moving Average): Combines elements of both WMA and EMA for a more responsive moving average.

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Frequently Asked Questions

BIS rebalances its holdings daily to maintain its -3x leverage ratio relative to the Financial Select Sector Index. This daily rebalancing aims to achieve the -3x daily performance, though it can lead to performance deviations over longer periods due to the effects of compounding.

Investors can purchase shares of BIS through a brokerage account. It is traded on major stock exchanges under the ticker symbol "BIS" and can be bought and sold like other stocks and ETFs.

Key performance metrics for BIS include its net asset value (NAV), expense ratio, daily return performance, and leverage ratio. BIS targets -3x the daily performance of the Financial Select Sector Index.

Yes, BIS can be held in retirement accounts such as IRAs or 401(k)s. However, due to its high-risk, leveraged nature, it’s crucial to assess how it fits within your overall investment strategy and risk tolerance.

BIS is managed by Direxion and achieves its investment objective by using financial instruments such as futures contracts, options, and swap agreements. It maintains its 3x inverse leverage through daily rebalancing.

Historical performance data for BIS includes past returns, NAV, and volatility. Investors should review performance charts and reports to understand how BIS has tracked its leveraged inverse objective over different time periods.

Factors influencing BIS’s performance include movements in the financial sector, changes in the Financial Select Sector Index, market volatility, and the effects of leverage. The ETF’s daily rebalancing and compounding effects also impact performance.

BIS uses leverage to amplify its inverse exposure to the financial sector, targeting -3x the daily performance of the Financial Select Sector Index. Leverage can result in significant performance fluctuations, especially over periods longer than one day due to compounding effects.

Risks include high volatility and the potential for significant losses due to BIS’s leveraged inverse exposure. The ETF’s performance is highly sensitive to daily changes in the financial sector, and leverage can amplify both gains and losses.

BIS aims to deliver three times the inverse (-3x) of the daily return of the Financial Select Sector Index. Its performance can differ significantly from the index over periods longer than one day due to the effects of compounding and daily rebalancing.

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