SPUU

Direxion Daily S&P 500 Bull 2X ETF

$171.47

+0.00%

Market closed. Last update: 2:14 AM ET

📎 Investment Objective

The Direxion Daily S&P 500 Bull 2X Shares (SPUU) seeks to provide daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the S&P 500 Index.

Overview

ETF tracking Direxion Daily S&P 500 Bull 2X ETF

Category Leveraged

Issuer Other

Inception Date 2014-05-28

Market Cap $185.7M

Average Volume N/A

Dividend Yield 1.75%

52-Week Range $103.65 - $191.29

VWAP $173.39

Performance

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Price Chart

Investment Summary

📎 Investment Objective

The Direxion Daily S&P 500 Bull 2X Shares (SPUU) seeks to provide daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the S&P 500 Index.

🎯 Investment Strategy

The fund uses a combination of financial instruments, such as futures contracts and swap agreements, to achieve its 2x daily leveraged exposure to the S&P 500 Index. It does not seek to achieve its stated investment objective over periods longer than a single day.

✨ Key Features

Provides 2x the daily performance of the S&P 500 Index
Utilizes leverage to amplify daily returns
Resets exposure daily, not designed for long-term holding
Expense ratio of 0.00%

⚠️ Primary Risks

Significant daily volatility and potential for large losses
Leverage risk, which can magnify gains and losses
Compounding effect that may cause performance to diverge from the underlying index over time
Not suitable for investors with a long-term investment horizon

👤 Best For

This ETF is designed for experienced, sophisticated investors with a high risk tolerance who seek to generate amplified daily returns from the S&P 500 Index. It is not suitable for long-term buy-and-hold investors or those with a low risk appetite.