CSOP MicroStrategy Daily (-2x) Inverse Product (07399.HK) Jumps 19.70% Intraday, NAV Approximately HKD 46.931

NewTimeSpace News: As of 13:22 on June 10, the CSOP MicroStrategy Daily (-2x) Inverse Product (07399.HK) surged 19.70%, with the latest price at HKD 48.600, a high of HKD 48.600, a low of HKD 46.700. 42,000 shares were traded at an average price of HKD 47.519, generating a turnover of 1.9967 million, turnover rate of 5.24%. The ETF has Assets Under Management (AUM) of approximately HKD 35.2748 million, a latest Net Asset Value (NAV) of HKD 46.931, and a discount of 13.49%.

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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