Direxion Daily Latin America Bull 2X Shares (LBJ)
Direxion Daily Latin America 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 $60.40, up 0.00% on the session, giving a market capitalisation of $14.8M. Its beta of 2.91 implies it has historically moved more than the broad market.
Under typical market conditions, this fund commits at least 80% of its net assets to various financial instruments. These tools, which include derivative agreements like swaps, exchange-traded funds (ETFs) that mirror the benchmark, and direct investments in the index's underlying securities, are specifically designed to provide daily amplified (leveraged) exposure to either the target index or its tracking ETFs. The benchmark itself is an equity index that weights its constituents based on their float-adjusted market capitalization, comprising companies from five significant Latin American nations: Brazil, Chile, Colombia, Mexico, and Peru. Notably, this fund is structured as a non-diversified investment vehicle.
Direxion Daily Latin America Bull 2X Shares is most often compared with the following Financial Services names: