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Asset Summary

Daily Performance Report for DDM ETF: Nov 7, 2024

Summary: The day started with DDM ETF opening at $101.45 and closing at $101.46. The ETF showed resilience throughout the day, with the highest price observed at $101.46 and the lowest at $101.45. The underlying asset had a trading range of $0.01 Overall, it was a positive trading day for DDM ETF, reflecting investor optimism and market activity.

Change in Closing Price: There was a net increase of $0.01 or 0.01% in the closing price from the opening to the closing price over the day.

Volume Analysis: Trading volume for DDM ETF was 200 units during Nov 7, 2024, indicating active market participation and investor interest.

Opening Price: The day started at $101.45.

Highest Price: The highest price observed during the day was $101.46.

Lowest Price: The lowest price observed during the day was $101.45.

Closing Price: The day ended at $101.46.

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

Similar ETFs to DDM include DOG (ProShares Short Dow30), which aims to provide the inverse performance of the DJIA, and other leveraged ETFs such as UDOW (ProShares UltraPro Dow30), which targets three times (3x) the daily performance of the DJIA.

DDM aims to provide twice the daily performance of the DJIA. It does not seek to match this performance over longer periods due to the effects of daily rebalancing and compounding. Therefore, while DDM seeks to achieve 2x the daily return of the DJIA, its performance over longer periods may vary significantly.

Historical performance data for DDM can be reviewed on financial platforms and includes information about past returns and NAV. Performance should be evaluated in the context of its daily leverage objective and the effects of compounding over time.

Key performance metrics for DDM include its net asset value (NAV), expense ratio, total return, and tracking error. NAV reflects the per-share value of the ETF, the expense ratio shows the cost of managing the fund, total return indicates the ETF’s performance including dividends, and tracking error measures how closely the fund’s performance aligns with its investment objective.

Yes, DDM can be held in retirement accounts such as IRAs or 401(k)s. However, due to its high risk and speculative nature, it is important to consider whether it aligns with the investor’s long-term retirement strategy.

DDM has an expense ratio of approximately 0.95%. This fee covers the costs associated with managing the fund, including administrative and operational expenses.

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

Factors affecting DDM’s performance include changes in the DJIA, market conditions, and the effectiveness of the fund’s derivatives strategy. Additionally, the effects of daily rebalancing and compounding can lead to performance deviations over periods longer than one day.

DDM typically distributes dividends on a quarterly basis. These dividends are derived from the income generated by the underlying securities and derivatives held by the ETF.

Risks include high volatility and the potential for significant losses if the DJIA decreases in value. Due to its leverage, DDM may experience greater fluctuations compared to the DJIA. Additionally, because DDM is designed to provide 2x daily performance, its returns over periods longer than one day may differ from twice the index's performance due to compounding effects.

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