MEXX

Direxion Daily MSCI Mexico Bull 3X Shares

$22.14

+0.00%

Market closed. Last update: 11:56 AM ET

📎 Investment Objective

The Direxion Daily MSCI Mexico Bull 3X Shares (MEXX) seeks to provide daily investment results that correspond to three times (3x) the daily performance of the MSCI Mexico IMI 25/50 Index.

Overview

ETF tracking Direxion Daily MSCI Mexico Bull 3X Shares

Category Leveraged

Issuer Other

Inception Date 2017-05-03

Market Cap $21.4M

Average Volume N/A

Dividend Yield 2.21%

52-Week Range $8.95 - $24.32

VWAP $22.07

Performance

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Price Chart

Investment Summary

📎 Investment Objective

The Direxion Daily MSCI Mexico Bull 3X Shares (MEXX) seeks to provide daily investment results that correspond to three times (3x) the daily performance of the MSCI Mexico IMI 25/50 Index.

🎯 Investment Strategy

The fund uses a combination of financial instruments, such as futures contracts and swaps, to achieve its 3x daily leveraged exposure to the underlying index. It does not seek to achieve its stated investment objective over periods longer than a single day.

✨ Key Features

Provides 3x the daily performance of the MSCI Mexico IMI 25/50 Index
Designed for short-term, speculative trading, not long-term investment
Utilizes derivatives and leverage to achieve its daily target exposure
Expense ratio of 0.00%

⚠️ Primary Risks

Significant risk of loss due to the effects of compounding and daily reset on performance
Potential for large and sudden losses, especially in volatile markets
Tracking error risk as the fund may not perfectly match the 3x daily target
Counterparty risk associated with the use of derivatives

👤 Best For

This ETF is designed for experienced, risk-tolerant investors who understand the risks of leveraged and speculative trading and seek to make short-term bets on the Mexican equity market. It is not suitable for long-term buy-and-hold investors or those with a low risk tolerance.