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AXTQ delivers -200% of AXTI's daily return, targeting a stock that surged 344% year to date but already fell 18% last month.
The daily reset causes volatility decay, and a single-day AXTI rally above 50% wipes out the entire AXTQ investment.
AXTQ's expense ratio remains undisclosed, though rival leveraged inverse ETFs from GraniteShares, Direxion, and Tuttle Capital typically charge 1% to 1.5% annually.
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