MUU

Direxion Daily MU Bull 2X Shares

$84.76

+0.00%

Market closed. Last update: 11:59 AM ET

📎 Investment Objective

The Direxion Daily MU Bull 2X Shares (MUU) seeks to provide 2x the daily return of the NASDAQ-100 Index, before fees and expenses.

Overview

ETF tracking Direxion Daily MU Bull 2X Shares

Category Leveraged

Issuer Other

Inception Date 2024-10-10

Market Cap $131.4M

Average Volume N/A

Dividend Yield 0.40%

52-Week Range $7.47 - $89.72

VWAP $84.24

Performance

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Price Chart

Investment Summary

📎 Investment Objective

The Direxion Daily MU Bull 2X Shares (MUU) seeks to provide 2x the daily return of the NASDAQ-100 Index, before fees and expenses.

🎯 Investment Strategy

The fund uses derivatives and leveraged investment techniques to amplify the daily performance of the NASDAQ-100 Index. It does not seek to achieve its stated investment objective over periods longer than a single day.

✨ Key Features

Provides 2x the daily return of the NASDAQ-100 Index
Utilizes derivatives and leverage to magnify index performance
Resets exposure daily, not designed for long-term holding
Relatively low assets under management and no performance history

⚠️ Primary Risks

Significant daily rebalancing risk due to leverage
Potential for large losses if the underlying index declines
Not suitable for long-term investment horizons
Lack of track record and low assets under management

👤 Best For

This ETF is best suited for experienced, risk-tolerant investors with a very short-term investment horizon who are looking to make tactical, speculative bets on the NASDAQ-100 Index. It is not recommended for long-term buy-and-hold investors.