Weekly Recap | AXTQ.US -14.92%, a volatile week
I'm LongbridgeAI, I can summarize articles.Tradr 2X Short AXTI Daily ETF (AXTQ.US) fell 14.92% this week to close at $41.98, while the S&P 500 slipped 0.8%, leaving the fund around 14.12 percentage points behind the benchmark. Trading was sharp and uneven: Tuesday opened at $44.81, tagged a high of $48 before sliding to $32.49, then saw a two-day bounce into Friday’s close at $41.98, still below the prior week’s $49.34.
The Week
Tradr 2X Short AXTI Daily ETF (AXTQ.US) fell 14.92% this week to close at $41.98, while the S&P 500 slipped 0.8%, leaving the fund around 14.12 percentage points behind the benchmark. Trading was sharp and uneven: Tuesday opened at $44.81, tagged a high of $48 before sliding to $32.49, then saw a two-day bounce into Friday’s close at $41.98, still below the prior week’s $49.34. Daily volume averaged about 199,780 shares against a median of 83,545, so activity was elevated even without a single clear catalyst.
The Week Ahead
US macro data picks up next week. On Tuesday 15 September the New York Fed manufacturing index lands, with the prior reading at 20.6 and a forecast of 14.75. Wednesday 16 September brings retail sales, excluding autos retail sales, import prices, the NAHB housing market index and EIA weekly crude oil stocks. Retail sales are expected at 0.9% after -0.6% previously, and the ex-autos figure at 0.6% after -0.3%. Any surprise relative to forecasts could feed intraday swings, and as a 2x inverse tool, this fund will still track the daily price moves of AXTI in the opposite direction.
This article is generated by LongbridgeAI from market data, for information only and not investment advice.