AAPU

Direxion Shares ETF Trust Direxion Daily AAPL Bull 2X Shares

$36.52

+0.00%

Market closed. Last update: 11:59 AM ET

📎 Investment Objective

The Direxion Daily AAPL Bull 2X Shares ETF (AAPU) seeks to provide 2x the daily investment results of the common stock of Apple Inc. (AAPL).

Overview

ETF tracking Direxion Shares ETF Trust Direxion Daily AAPL Bull 2X Shares

Category Leveraged

Issuer Other

Inception Date 2022-08-09

Market Cap $283.0M

Average Volume N/A

Dividend Yield 14.99%

52-Week Range $16.59 - $42.05

VWAP $36.67

Performance

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Investment Summary

📎 Investment Objective

The Direxion Daily AAPL Bull 2X Shares ETF (AAPU) seeks to provide 2x the daily investment results of the common stock of Apple Inc. (AAPL).

🎯 Investment Strategy

The fund uses a combination of financial instruments, such as futures contracts and swaps, to provide the 2x leveraged exposure to AAPL. It does not invest directly in the underlying stock.

✨ Key Features

Provides 2x the daily performance of Apple Inc. stock
Utilizes leveraged investment techniques to amplify returns
Resets exposure daily, so longer-term performance may differ from 2x the underlying
Relatively small asset base and limited trading history

⚠️ Primary Risks

Significant risk of loss due to the leveraged nature of the fund
Potential for divergence between the fund's daily return and the 2x return of AAPL over longer periods
Liquidity risk due to the small asset base and trading volume
Counterparty risk associated with the derivatives used to obtain leverage

👤 Best For

This ETF is best suited for experienced, risk-tolerant investors seeking to make short-term, speculative bets on the performance of Apple Inc. stock. It is not recommended for long-term buy-and-hold investors due to the compounding effects of daily resetting leverage.