SPXL

Direxion Daily S&P 500 Bull 3x Shares

$213.12

+0.00%

Market closed. Last update: 12:00 PM ET

📎 Investment Objective

SPXL seeks to provide daily investment results that are 300% of the daily performance of the S&P 500 Index. The fund aims to provide leveraged exposure to the large-cap U.S. equity market.

Overview

ETF tracking Direxion Daily S&P 500 Bull 3x Shares

Category Leveraged

Issuer Other

Inception Date 2008-11-05

Market Cap $5.7B

Average Volume N/A

Dividend Yield 0.78%

52-Week Range $96.11 - $229.90

VWAP $211.93

Performance

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Price Chart

Investment Summary

📎 Investment Objective

SPXL seeks to provide daily investment results that are 300% of the daily performance of the S&P 500 Index. The fund aims to provide leveraged exposure to the large-cap U.S. equity market.

🎯 Investment Strategy

SPXL uses swap agreements and other derivatives to achieve its 3x daily leverage target. The fund does not hold the underlying stocks directly, but rather uses a portfolio of financial instruments to track the S&P 500 Index with a 300% multiplier.

✨ Key Features

Provides 3x daily leveraged exposure to the S&P 500 Index
Uses swaps and derivatives to achieve its leverage target
Resets leverage daily, so returns may not match 3x the index over longer periods
Has no assets under management as of the provided data

⚠️ Primary Risks

Significant daily volatility and potential for large losses due to leverage
Potential for divergence from 3x the daily index return over time
Counterparty risk associated with derivative instruments
Lack of a performance history makes it difficult to evaluate

👤 Best For

SPXL is a highly speculative and risky investment, suitable only for experienced traders with a very high risk tolerance and short-term investment horizon. It is not recommended for long-term buy-and-hold investors.