CSOP Two Times Short MSTR ETF (07399.HK) Rises 4.87%, AUM Approximately HKD 36 Million

Newtimespace News: As of 11:34 on May 19, the CSOP MicroStrategy Daily (-2x) Inverse Product (07399.HK) rose 4.87%, with the latest price at HKD 43.100, a high of HKD 43.560, a low of HKD 42.600, an average price of HKD 42.36, assets under management of approximately HKD 36 million, a latest net asset value of HKD 45.677, and a discount of 10.02%.

The CSOP MicroStrategy Daily (-2x) Inverse Product (07399.HK) is a leveraged inverse ETF that seeks to provide twice the inverse daily return of MicroStrategy common stock. MicroStrategy is a software company with a significant focus on Bitcoin holdings. The product uses derivatives such as swap contracts and futures to achieve leveraged exposure. Due to the compounding effect, its long-term returns may deviate from twice the inverse cumulative return of the underlying stock.

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