Leverage Shares 2X Short SPCX Daily ETF (NYSEAMERICAN:SSPC) Trading Down 1.8% – What’s Next?

Shares of Leverage Shares 2X Short SPCX Daily ETF (NYSEAMERICAN:SSPC) dropped 1.8% during trading on Thursday . The stock traded as low as $10.47 and last traded at $10.66. 9,217,508 shares traded hands during mid-day trading, a decline of 63% from the average daily volume of 24,638,148 shares. The stock had previously closed at $10.86.

Leverage Shares 2X Short SPCX Daily ETF Stock Down 1.0%

The firm has a 50 day moving average of $14.51.

Leverage Shares 2X Short SPCX Daily ETF is an exchange-traded fund designed to provide inverse leveraged exposure to the daily performance of the stock represented by its underlying benchmark. The fund seeks to deliver investment results that correspond to approximately two times the inverse of the daily move of that reference security, before fees and expenses.

The ETF is intended for sophisticated investors who are looking for short-term tactical trading tools rather than long-term buy-and-hold investments.