Leverage Shares 2X Short SPCX Daily ETF (NYSEAMERICAN:SSPC – Get Free Report)’s share price passed above its 50 day moving average during trading on Friday. The stock has a 50 day moving average of $8.97 and traded as high as $9.91. Leverage Shares 2X Short SPCX Daily ETF shares last traded at $9.88, with a volume of 12,836,521 shares.
Leverage Shares 2X Short SPCX Daily ETF Stock Performance
The firm’s fifty day simple moving average is $8.97.
Leverage Shares 2X Short SPCX Daily ETF (NYSE American: SSPC) is an exchange-traded fund designed to provide approximately two times the inverse of the daily performance of the SPCX ETF, before fees and expenses. The fund seeks to achieve this objective through financial instruments such as swaps and other derivatives rather than by directly investing in a traditional portfolio of operating companies.
Because SSPC resets its exposure daily, its performance over periods longer than one trading day can differ significantly from two times the inverse of the SPCX ETF’s cumulative return.
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