Direxion Daily Retail Bull 3X Shares (RETL)
Direxion Daily Retail Bull 3X Shares operates in the Asset Management industry of the Financial Services sector, headquartered in New York City, NY, US. The stock last traded at $7.19, up 1.13% on the session, giving a market capitalisation of $26.4M. Its beta of 3.37 implies it has historically moved more than the broad market.
The fund invests at least 80% of its net assets in financial instruments, such as swap agreements, securities of the index, and ETFs that track the index, that, in combination, provide 3X daily leveraged exposure to the index, consistent with the fund's investment objective. The index is a modified equal-weighted index that is designed to measure performance of the stocks comprising the S&P Total Market Index that are classified in the GICS retail sub-industry. The fund is non-diversified.
Direxion Daily Retail Bull 3X Shares is most often compared with the following Financial Services names: