CLDSDirexion Daily Cloud Computing Bear 2X Shares
CLDS Fund Description
CLDS provides -200% leveraged daily exposure to a market-cap-weighted US equity index of companies involved in the cloud computing industry.
CLDS Factset Analytics Insight
CLDS is a 2x inverse leverage take on the daily performance of the Indxx USA Cloud Computing Index. The index includes US-listed firms that allow dynamic scaling by offering on-demand computing services such as servers, storage, network, and operating systems over the internet. Companies must derive majority of their revenues from activities related to cloud computing infrastructure, platforms and services. These companies license and deliver software over the internet by subscription, provide a platform to create software and virtualized computing via internet, make or distribute related hardware, and also offer shared resources services like shared storage, servers, and storage pools. Index constituents are capped at 5% each and undergoes annual rebalance and reconstitution. CLDS isn’t designed for long-term investors as the fund rebalances daily. As a result, compounding and path dependency make its long-term returns difficult to predict when compared with its underlying index.
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CLDS Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of CLDS. CLDS is rated a N/A out of 5.