Direxion Daily MSCI European Financials Bull 2X Shares (EUFL)
Direxion Daily MSCI European Financials Bull 2X Shares operates in the Asset Management - Leveraged industry of the Financial Services sector, headquartered in US. The stock last traded at $11.92, down 8.79% on the session, giving a market capitalisation of $5.9M. Its beta of 1.95 implies it has historically moved more than the broad market.
The fund aims to deliver daily investment results equivalent to 200% of the daily performance of the MSCI Europe Financials Index. Typically, it commits at least 80% of its net assets (along with any borrowed capital for investment) to various financial instruments. These may include swap agreements, the underlying securities of the index, exchange-traded funds (ETFs) that follow the index, or other financial vehicles providing leveraged daily exposure to either the index itself or its tracking ETFs. The MSCI Europe Financials Index is a market capitalization-weighted benchmark, adjusted for free float, representing large and mid-sized companies in the financial sector across developed European countries. This particular fund is considered non-diversified.
Direxion Daily MSCI European Financials Bull 2X Shares is most often compared with the following Financial Services names: