PILL
Direxion Daily Pharmaceutical & Medical Bull 3X Shares
📎 Investment Objective
The Direxion Daily Pharmaceutical & Medical Bull 3X Shares ETF (PILL) seeks to provide daily investment results, before fees and expenses, of 300% of the performance of the S&P Pharmaceutical Select Industry Index.
Overview
ETF tracking Direxion Daily Pharmaceutical & Medical Bull 3X Shares
Performance
Price Chart
Investment Summary
📎 Investment Objective
The Direxion Daily Pharmaceutical & Medical Bull 3X Shares ETF (PILL) seeks to provide daily investment results, before fees and expenses, of 300% of the performance of the S&P Pharmaceutical Select Industry Index.
🎯 Investment Strategy
The fund uses a combination of financial instruments, such as futures contracts and swaps, to provide the desired 3x leveraged exposure to the underlying index. It does not invest directly in the securities that make up the index.
✨ Key Features
- Provides 3x daily leveraged exposure to the pharmaceutical and medical sectors
- Resets exposure daily, so performance may not match 3x the index over longer periods
- Designed for short-term, speculative trading, not long-term buy-and-hold investing
- Has not yet accumulated any assets under management
⚠️ Primary Risks
- Significant risk of loss due to the leveraged nature of the fund
- Potential for volatility and divergence from the underlying index over time
- Liquidity risk due to low trading volume and assets under management
- Counterparty risk associated with the financial instruments used
👤 Best For
This ETF is best suited for experienced, risk-tolerant investors with a short-term trading horizon who are looking for leveraged exposure to the pharmaceutical and medical sectors. It is not recommended for long-term buy-and-hold investors or those with a low risk tolerance.