Leverage Shares 2X Short SPCX Daily ETF (SSPC)

Leverage Shares 2X Short SPCX Daily ETF is trading at $9.88, up 12.72% on the session. The 50 day average sits at $8.97 and the 200 day at $n/a, which puts the stock in a mixed technical position. RSI is at 59.6, which reads as strong, and MACD is bullish crossover. Volume is below average.

The nearest support is around $9.47 with resistance near $10.05, so that band frames the current range. Average daily movement is roughly $0.85, or about 8.6% of the share price, which is what any stop placement has to allow for. The overall health score of 54 out of 100 combines a trend score of 45, momentum of 82 and a risk score of 28.

The fund is an actively managed ETF. It invests at least 80% of its net assets (plus borrowings for investment purposes) in the Underlying Security and financial instruments with economic characteristics that, in combination, provide -200% daily inverse leveraged exposure to the price of the Underlying Security, on a daily basis, consistent with the fund’s investment objective. The fund is non-diversified.