GGLL

Direxion Shares ETF Trust Direxion Daily GOOGL Bull 2X Shares

$79.76

+0.00%

Market closed. Last update: 11:58 AM ET

📎 Investment Objective

The Direxion Daily GOOGL Bull 2X Shares ETF seeks to provide daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the common stock of Alphabet Inc. (Class A).

Overview

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

Category Leveraged

Issuer Other

Inception Date 2022-09-07

Market Cap $598.2M

Average Volume N/A

Dividend Yield 1.97%

52-Week Range $24.99 - $88.89

VWAP $79.43

Performance

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Investment Summary

📎 Investment Objective

🎯 Investment Strategy

The fund uses a range of financial instruments, such as swap agreements and futures contracts, to obtain its leveraged exposure to the target index. It does not invest directly in the underlying stocks.

✨ Key Features

Provides 2x the daily performance of Alphabet Inc. (Class A) stock
Utilizes derivatives and other financial instruments to achieve its leveraged exposure
Resets its leverage daily, which can lead to compounding effects over longer holding periods
Designed for short-term, tactical exposure and not for long-term buy-and-hold investing

⚠️ Primary Risks

Significant risk of loss due to the leveraged nature of the fund
Potential for increased volatility and larger losses compared to the underlying index
Compounding effects can magnify losses over longer holding periods
Derivative instruments used by the fund may not always be effective in achieving the desired exposure

👤 Best For

This ETF is best suited for experienced, risk-tolerant investors with a short-term investment horizon who are looking for magnified exposure to the daily performance of Alphabet Inc. (Class A) stock. It is not recommended for long-term buy-and-hold investors or those with a low risk tolerance.