QUICK SPARK: Direxion Launches SpaceX 2X Bear ETF as Lock-Up Ends
The Daily SpaceX Bear 2X ETF (LOFD) offers inverse leveraged exposure to SpaceX as the stock faces its first earnings report and IPO lock-up expiration.
A new investment tool called LOFD lets people bet that SpaceX's stock price will go down, especially now that early investors can finally sell their shares. When lots of people can suddenly sell, it sometimes makes prices move in unexpected ways.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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