Direxion Daily AMZN Bull 2X ETF (AMZU)
Direxion Daily AMZN Bull 2X ETF operates in the Asset Management - Leveraged industry of the Financial Services sector, headquartered in New York City, NY, US. The stock last traded at $40.19, down 3.62% on the session, giving a market capitalisation of $365.7M. Its beta of 2.92 implies it has historically moved more than the broad market.
The Direxion Daily AMZN Bull 2X ETF and the Direxion Daily AMZN Bear 1X ETF are designed to achieve distinct daily investment returns, calculated before any fees or operating expenses. The Bull 2X ETF aims to deliver daily results equivalent to two times (200%) the performance of Amazon.com, Inc. (NASDAQ: AMZN) common stock. Conversely, the Bear 1X ETF seeks to generate daily returns that mirror the inverse (or opposite) performance of AMZN's shares.
Direxion Daily AMZN Bull 2X ETF is most often compared with the following Financial Services names: