What does Direxion Daily AVGO Bear 1X Shares invest in?▾
Under typical market conditions, this fund strategically deploys a substantial portionâat least 80%âof its net assets, along with any borrowed capital, into a range of financial instruments. These tools, including swap agreements and options, are utilized in combination to generate a daily return that is the direct inverse (opposite) of AVGO's performance, aiming for a 1X short exposure to the underlying stock. It is important to note that this fund operates on a non-diversified basis.
