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Toggle Stock ETFs subsection. 1.1 Broad market ETFs. 1.2 Index-tracking ETFs. ... Direxion Daily S&P 500 Bull 3x ETF (NYSE Arca SPXL) - tracks 3x the S&P 500 Index;
The firm’s Direxion Daily NVDA Bull 2X Shares has advanced over 300% this year. It helps investors capture the rise and/or fall of AI chip darling Nvidia. ... The firm now has 13 single-stock ...
Direxion announced Thursday the launch of three new ETFs available to trade on the New York Stock Exchange: the Direxion Daily FinTech Bull 2X Shares (NYSE Arca: FNTC), the Direxion Daily Oil ...
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 ...
In March 2020, amidst the 2020 stock market crash, Direxion announced that it would reduce the leverage of ten of its ETFs from 3x to 2x and close eight others. [15] This was part of a broader trend among providers of leveraged ETFs during the first quarter of 2020; nevertheless, Direxion saw inflows of nearly $4 billion during March 2020 alone ...
An inverse S&P 500 ETF, for example, seeks a daily percentage movement opposite that of the S&P. If the S&P 500 rises by 1%, the inverse ETF is designed to fall by 1%; and if the S&P falls by 1%, the inverse ETF should rise by 1%. Because their value rises in a declining market environment, they are popular investments in bear markets.
Leveraged ETFs (LETFs) and Inverse ETFs, use investments in derivatives to seek a daily return that corresponds to a multiple of, or the inverse (opposite) of, the daily performance of an index. [77] For example, Direxion offers leveraged ETFs and inverse exchange-traded funds that attempt to produce 3x the daily result of either investing in ...
Direxion launched three new ETFs today as part of an acceleration of fund offerings to help long-term buy-and-hold investors benefit from strategically-focused return streams.