FRDU

Direxion Daily F Bull 2X ETF

$33.84

+0.00%

Market closed. Last update: 11:56 AM ET

📎 Investment Objective

The Direxion Daily F Bull 2X ETF (FRDU) seeks to provide 2x the daily return of the Nasdaq-100 Index, before fees and expenses.

Overview

ETF tracking Direxion Daily F Bull 2X ETF

Category Leveraged

Issuer Other

Inception Date 2025-07-23

Market Cap $3.4M

Average Volume N/A

Dividend Yield 0.53%

52-Week Range $23.18 - $36.69

VWAP $34.04

Performance

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Price Chart

Investment Summary

📎 Investment Objective

The Direxion Daily F Bull 2X ETF (FRDU) seeks to provide 2x the daily return of the Nasdaq-100 Index, before fees and expenses.

🎯 Investment Strategy

The fund uses swap agreements and other derivatives to provide leveraged exposure to the Nasdaq-100 Index. It aims to achieve its 2x daily target by adjusting its portfolio on a daily basis.

✨ Key Features

Provides 2x the daily performance of the Nasdaq-100 Index
Utilizes derivatives and leverage to amplify index returns
Resets exposure daily to maintain 2x target
Designed for short-term, active trading rather than long-term buy-and-hold

⚠️ Primary Risks

Significant risk of loss due to the leveraged nature of the fund
Daily rebalancing can magnify losses, especially in volatile markets
Tracking error may cause returns to deviate from the 2x target
Counterparty risk associated with derivative instruments

👤 Best For

This ETF is best suited for experienced, risk-tolerant investors seeking to make short-term, speculative bets on the Nasdaq-100 Index. It is not recommended for long-term, buy-and-hold investors due to the compounding effects of daily leverage resets.