Leverage Shares 1X Short SPCX Daily ETF (DSPC)

The Leverage Shares 1X Short SPCX Daily ETF (DSPC) is an inverse single-stock fund from Leverage Shares. It seeks daily investment results, before fees and expenses, equal to the inverse (negative one times) of the daily percentage change in the shares of Space Exploration Technologies, known as SpaceX, which trade under the ticker SPCX.

SpaceX designs, builds and launches rockets and spacecraft and operates the Starlink satellite internet service. The fund uses swaps and other derivatives to obtain its short exposure and resets it every trading day. Because the objective applies to a single day, performance over longer holding periods can differ meaningfully from the inverse of SpaceX's return.