Direxion Daily TIPS Bull 2X Shares (TIPL)
Direxion Daily TIPS Bull 2X Shares operates in the Asset Management - Bonds industry of the Financial Services sector. The stock last traded at $20.39, up 0.05% on the session, giving a market capitalisation of $5.2M. Its beta of 0.00 implies it has historically moved less than the broad market.
The Direxion Daily TIPS Bull 2X Shares (TIPL) is designed to deliver daily investment results that are approximately double the performance of an underlying index comprising inflation-protected U.S. Treasury bonds. Its strategy largely references the iShares TIPS Bond ETF, which itself aims to mirror the returns of such a bond index. To achieve this leveraged objective, TIPL commits a minimum of 80% of its net assets to various financial instruments. These may encompass swap agreements, direct holdings of the underlying index's securities, or other exchange-traded funds (ETFs) specifically structured to provide either direct or magnified exposure to that same benchmark. It's important to note that this fund is categorized as non-diversified.
Direxion Daily TIPS Bull 2X Shares is most often compared with the following Financial Services names: