EURL

Direxion Daily FTSE Europe Bull 3x Shares

$37.16

+0.00%

Market closed. Last update: 11:57 AM ET

📎 Investment Objective

The Direxion Daily FTSE Europe Bull 3x Shares (EURL) seeks to provide 300% of the daily performance of the FTSE Developed Europe Index.

Overview

ETF tracking Direxion Daily FTSE Europe Bull 3x Shares

Category Leveraged

Issuer Other

Inception Date 2014-01-22

Market Cap $35.3M

Average Volume N/A

Dividend Yield 1.74%

52-Week Range $18.63 - $39.21

VWAP $37.32

Performance

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Investment Summary

📎 Investment Objective

The Direxion Daily FTSE Europe Bull 3x Shares (EURL) seeks to provide 300% of the daily performance of the FTSE Developed Europe Index.

🎯 Investment Strategy

EURL is a leveraged ETF that aims to achieve its investment objective by investing in a portfolio of financial instruments, such as swap agreements and futures contracts, that provide leveraged exposure to the FTSE Developed Europe Index. The fund rebalances its portfolio on a daily basis to maintain the 3x leverage.

✨ Key Features

Provides 300% daily exposure to the FTSE Developed Europe Index
Utilizes financial derivatives to achieve the leveraged performance
Rebalances its portfolio daily to maintain the 3x leverage
Designed for short-term trading and not suitable for long-term buy-and-hold investors

⚠️ Primary Risks

Significant risk of loss due to the leveraged nature of the fund
Potential for increased volatility and tracking error compared to the underlying index
Risks associated with the use of derivatives, such as counterparty risk and liquidity risk
Potential for the fund to deviate significantly from its target performance over longer time periods

👤 Best For

EURL is designed for experienced, risk-tolerant investors who seek short-term, leveraged exposure to European equity markets and understand the risks associated with leveraged ETFs. It is not suitable for long-term buy-and-hold investors or those with a low risk tolerance.