DSLVVelocityShares 3X Inverse Silver ETN
DSLV Fund Description
The VelocityShares 3X Inverse Silver ETN provides -3x exposure to the performance of the front-month futures contract on silver, with daily leverage resets.
DSLV Factset Analytics Insight
Like most geared inverse products, DSLV is designed to be used as a tactical trading tool, not as a buy-and-hold investment. The note promises to provide -3x exposure to its reference index—the S&P GSCI Silver Excess Return Index—for a one-day holding period. The daily reset function means investors holding DSLV for periods of longer than one trading day will be exposed to the effects of compounding, and could see returns vary greatly from the desired -3x exposure. Since DSLV tracks an excess return version of the S&P GSCI Silver Index, returns will reflect both the changes in the price of silver and any returns from rolling futures contracts. Although its fee is extremely high, trading costs are of greater importance, since the fund is designed for intraday round-trip trades. The Tradability story here is mixed: DSLV trades with great volume but its spreads remain significant.
DSLV CHARTS AND PERFORMANCE
DSLV Portfolio Data
DSLV Index Data
DSLV Fund Structure
DSLV Tax Exposures
DSLV Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of DSLV. DSLV is rated a 5 out of 5.