Industry description
The investment seeks daily investment results, before fees and expenses, of -1 time (-100%) the daily percentage change of the common stock of Advanced Micro Devices, Inc.
The fund is an actively managed exchange traded fund that attempts to replicate the inverse (-100%) daily percentage change of the underlying stock by entering into a swap agreement on the underlying stock. The fund advisor aims to generate the inverse daily performance of the underlying stock for a single day. It is non-diversified.