Direxion Daily S&P 500 Equal Weight Bull 2X Shares (EVEN)
Direxion Daily S&P 500 Equal Weight Bull 2X Shares operates in the Asset Management - Leveraged industry of the Financial Services sector. The stock last traded at $19.64, down 0.03% on the session, giving a market capitalisation of $2.9M. Its beta of 0.00 implies it has historically moved less than the broad market.
The fund's underlying index is composed of all the constituents of the S&P 500 Index. Under typical market conditions, the fund dedicates at least 80% of its total net assets, including any funds acquired through borrowing for investment purposes, to various financial vehicles. These include swap agreements, direct index securities, and exchange-traded funds (ETFs) that track the index, along with other financial tools designed to provide daily leveraged exposure to either the index itself or its tracking ETFs. This fund maintains a non-diversified investment strategy.
Direxion Daily S&P 500 Equal Weight Bull 2X Shares is most often compared with the following Financial Services names: