NAIL

Direxion Daily Homebuilders & Supplies Bull 3X Shares

$52.75

+0.00%

Market closed. Last update: 12:00 PM ET

📎 Investment Objective

The Direxion Daily Homebuilders & Supplies Bull 3X Shares (NAIL) seeks to provide daily investment results that are 300% of the performance of the Dow Jones U.S. Select Home Construction Index.

Overview

ETF tracking Direxion Daily Homebuilders & Supplies Bull 3X Shares

Category Leveraged

Issuer Other

Inception Date 2015-08-19

Market Cap $448.4M

Average Volume N/A

Dividend Yield 1.47%

52-Week Range $43.91 - $157.91

VWAP $53.37

Performance

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Investment Summary

📎 Investment Objective

The Direxion Daily Homebuilders & Supplies Bull 3X Shares (NAIL) seeks to provide daily investment results that are 300% of the performance of the Dow Jones U.S. Select Home Construction Index.

🎯 Investment Strategy

NAIL is a leveraged ETF that aims to achieve its investment objective by investing in financial instruments, such as swap agreements and futures contracts, that provide leveraged exposure to the underlying index. The fund does not invest directly in the stocks that make up the index.

✨ Key Features

Provides 3x the daily performance of the Dow Jones U.S. Select Home Construction Index
Utilizes derivatives and other financial instruments to achieve its leveraged exposure
Designed for short-term trading and not intended for long-term buy-and-hold investors
Has a high expense ratio and significant risks due to its leveraged nature

⚠️ Primary Risks

Significant risk of loss due to the leveraged nature of the fund
Potential for large daily gains or losses that may not align with the long-term performance of the underlying index
Increased volatility and risk of compounding effects over longer holding periods
Counterparty risk associated with the use of derivative instruments

👤 Best For

NAIL is designed for experienced, risk-tolerant investors who understand the risks of leveraged ETFs and are seeking short-term, speculative exposure to the homebuilding and construction industry. It is not suitable for long-term buy-and-hold investors or those with a low risk tolerance.