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Using a combination of options, futures, and swaps some firms have designed ETFs capable of tracking approximately −1x, 2x, −2x, 3x and −3x the daily returns of an index. 3x and −3x ETFs were first released on November 8, 2008 by Direxion Funds.
The company began using the Direxion name in 2006. The use of the letter "X" in the new name was intended to draw attention to the leveraged index funds in the company's offerings. That year the company also opened an office in the Prudential Tower in Boston, Massachusetts. [3] Direxion launched its first leveraged ETFs in 2008. [4]
Direxion said on Wednesday that it has launched new leveraged and inverse exchange-traded funds tied to two stocks, Palantir Technologies and Warren Buffett's Berkshire Hathaway that offer traders ...
The ETF industry has never had a better year than 2024 as investors gravitated towards active funds as well as ... The firm’s Direxion Daily NVDA Bull 2X Shares has advanced over 300% this year. ...
Based on the aggregated intelligence of 180,000-plus investors participating in Motley Fool CAPS, the Fool's free investing community, the Direxion Daily 7-10 Year Treasury Bull 3x Shares ETF (NYS ...
If one invests $100 in an inverse ETF position in an asset worth $100, and the asset's value changes the first day to $80, and the following day to $60, then the value of the inverse ETF position will increase by 20% (because the asset decreased by 20% from 100 to 80) and then increase by 25% (because the asset decreased by 25% from 80 to 60).
Up almost 50% for the year, it’s easy to see why the Direxion Daily Small Cap Bull 3X Shares (TNA) dominated Direxion’s one-week inflows. Coming in second and third place are the Direxion ...
Based on the aggregated intelligence of 180,000-plus investors participating in Motley Fool CAPS, the Fool's free investing community, the Direxion Daily Gold Miners Bear 3x Shares (NYS: DUST) has ...
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