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Direxion Daily Brazil Bear 3x Shares
Direxion Daily Brazil Bear 3X Shares is an exchange-traded fund (ETF) listed on the U.S. stock exchange. It is designed to provide investors with a negative three times daily performance of the Brazilian stock market, before fees and expenses. The fund' OTC Pink Current Information..™s underlying holdings are Brazilian equities, which are selected based on market capitalization and liquidity.
Here's some general information about Direxion Daily Brazil Bear 3X Shares (BRZS):
* Stock symbol: BRZS
* Stock exchange: U.S. over-the-counter market
* Type: Exchange-traded fund (ETF)
* Inception date: June 24, 2010
* Manager: Direxion Asset Management LLC
* Investment strategy: The fund invests in Brazilian equities to provide a negative three times daily performance of the Brazilian stock market.
* Benchmark index: The fund seeks to provide 300% of the inverse daily performance of the MSCI Brazil 20 Index.
* Expenses: 0.95% annual management fee
* Net assets: Approximately 36 million USD (as of 06/21/2022)
* Trading volume: Average trading volume is approximately 18,000 shares (as of 06/21/2022). .
* Market capitalization: Around 50 million USD (as of 06/21/2022)
Regarding the fund's historical performance, we can examine its historical returns and volatility. For example, as of 06/21/2022, the fund's one-year return is -0.94, and the three-year return is -0.60. Its standard deviation for the three-year period is 33.59. These numbers signify that the fund has had a negative return over the past few years, reflecting the inverse nature of its investment strategy. Furthermore, its volatility has been relatively high, which may be attributed to the Brazilian stock market's overall performance and macroeconomic conditions.
In conclusion, Direxion Daily Brazil Bear 3X Shares (BRZS) is an ETF designed to offer a negative threefold daily return of the Brazilian stock market. It has a relatively low net asset value and trading volume. Its performance and volatility can be affected by the underlying stock market.