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Dell Technologies soars 300% in a year, but leveraged fund DLLL is risky and bearish bets rise.

Analyst Insights
04 Sep 2026
Seeking Alpha
View Source
Bearish
Dell Technologies soars 300% in a year, but leveraged fund DLLL is risky and bearish bets rise.

Dell Technologies' stock has surged over 300% in the past 12 months, significantly boosting the leveraged DLLL fund by 950% year-to-date. Despite this growth, Dell trades at high valuation multiples with low profit margins and a heavily leveraged balance sheet, making DLLL unsuitable for long-term investment due to volatility decay and high expenses. Analyst Ian Bezek is bearish on both Dell and DLLL, having taken a small short position on DLLL following a recent earnings-driven price spike. Investors should approach DLLL cautiously, considering it only for short-term trading rather than a long-term hold.

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