Direxion Daily Cloud Computing Bull 2X Shares (CLDL)
Direxion Daily Cloud Computing Bull 2X Shares operates in the Asset Management - Leveraged industry of the Financial Services sector, headquartered in New York City, NY, US. The stock last traded at $14.14, down 0.14% on the session, giving a market capitalisation of $5.5M. Its beta of 2.24 implies it has historically moved more than the broad market.
Under typical market conditions, at least 80% of this fund's net assets are committed to various financial instruments, such as swap agreements, direct holdings of the index's components, or exchange-traded funds (ETFs) that track the index. The primary objective of these investments is to achieve daily leveraged exposure to the performance of either the underlying index itself or its corresponding ETFs. The benchmark index, which is compiled by Indxx, LLC, focuses on U.S.-based companies that provide cloud computing infrastructure, platforms, or services. This fund is structured as a non-diversified investment vehicle.
Direxion Daily Cloud Computing Bull 2X Shares is most often compared with the following Financial Services names: