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SNXE

2.58940 EUR
0.0262
1.02%
Last update May 9, 5:30 PM CEST
Market closed
Day range
2.57860
2.58940
Previous close
2.56320
Open
2.58220
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Leverage Shares -1X Netflix ETP
2.59
0.03
1.02%

Overview

Description

Leverage Shares -1X Netflix ETP is an exchange-traded product designed to provide investors with the inverse daily performance of Netflix Inc. stock. This instrument is utilized primarily by investors seeking to hedge against or capitalize on downward movements in Netflix's stock price without having to engage in short selling directly. The leverage factor of -1X ensures that the ETP offers 100% of the inverse return of Netflix shares, reset on a daily basis. This makes it particularly suitable for short-term trading strategies or market conditions when an investor anticipates a decline in Netflix's valuation. It's important to note that the performance of this ETP can deviate over longer periods due to the daily reset mechanism, which highlights its primary function as a short-term tactical tool. Operating within the telecommunications and media sector, Netflix significantly influences the digital streaming industry and entertainment market dynamics. Therefore, the Leverage Shares -1X Netflix ETP not only allows investors to express bearish views on Netflix but also indirectly reflects sentiments about broader industry trends and competitive pressures within the streaming landscape.

About

CEO
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Address
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Instrument type
Common stock
Sector
Industry
Country
Germany
MIC code
XETR
Market closed

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Trading Hours (Monday - Friday):

Pre-market
07:00 - 09:00
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09:00 - 17:45
Post-market
17:30 - 20:30
All times are displayed in the Europe/Berlin timezone (CEST, UTC+02:00).