Direxion Daily Cnsmr Staples Bull 3XShrs (NEED)
Direxion Daily Cnsmr Staples Bull 3XShrs operates in the Asset Management - Leveraged industry of the Financial Services sector, headquartered in US. The stock last traded at $32.19, up 0.11% on the session, giving a market capitalisation of $4.4M. Its beta of 0.00 implies it has historically moved less than the broad market.
The Direxion Daily Consumer Staples Bull 3x Shares (NEED) seeks to achieve daily investment returns, prior to subtracting fees and expenses, that are three times (300%) the daily performance of the Consumer Staples Select Sector Index. To meet this objective, the fund typically allocates a minimum of 80% of its total assets to financial instruments and securities directly tied to the index, exchange-traded funds (ETFs) that track the index, and various other financial tools designed to provide magnified daily exposure to the index or its related ETFs. The underlying index comprises U.S.-based companies within the consumer staples sector, encompassing industries like food and staples retailing, household products, food products, beverages, tobacco, and personal care items. It is also worth noting that this fund operates as a non-diversified investment vehicle.
Direxion Daily Cnsmr Staples Bull 3XShrs is most often compared with the following Financial Services names: