BRZU

Direxion Daily MSCI Brazil Bull 2X Shares

$83.52

+0.00%

Market closed. Last update: 11:59 AM ET

📎 Investment Objective

The Direxion Daily MSCI Brazil Bull 2X Shares (BRZU) seeks to provide 2x the daily investment results, before fees and expenses, of the MSCI Brazil Index.

Overview

ETF tracking Direxion Daily MSCI Brazil Bull 2X Shares

Category Leveraged

Issuer Other

Inception Date 2013-04-10

Market Cap $151.1M

Average Volume N/A

Dividend Yield 2.76%

52-Week Range $41.12 - $84.92

VWAP $83.81

Performance

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Price Chart

Investment Summary

📎 Investment Objective

The Direxion Daily MSCI Brazil Bull 2X Shares (BRZU) seeks to provide 2x the daily investment results, before fees and expenses, of the MSCI Brazil Index.

🎯 Investment Strategy

BRZU is a leveraged ETF that aims to achieve its investment objective by investing in financial instruments, such as swap agreements, that provide leveraged exposure to the MSCI Brazil Index. The fund does not invest directly in the securities that make up the underlying index.

✨ Key Features

Provides 2x the daily performance of the MSCI Brazil Index
Utilizes financial derivatives to achieve its leveraged exposure
Resets its leverage daily, which can lead to compounding effects over longer holding periods
Has a high expense ratio compared to non-leveraged Brazil equity ETFs

⚠️ Primary Risks

Significant risk of loss due to the leveraged nature of the fund
Potential for large daily swings in performance, both positive and negative
Compounding effects can magnify losses over longer holding periods
Tracking error risk, as the fund may not perfectly match the 2x daily performance of the underlying index

👤 Best For

BRZU is a highly speculative investment and is best suited for experienced, risk-tolerant investors with a short-term trading horizon who are comfortable with the increased volatility and risks associated with leveraged ETFs. This fund is not recommended for long-term buy-and-hold investors.