Direxion Daily Homebuilders & Supplies Bull 3X Shares company info

What does Direxion Daily Homebuilders & Supplies Bull 3X Shares do?
Direxion Daily Homebuilders & Supplies Bull 3X Shares (NYSEARCA:NAIL) is a leveraged exchange-traded fund (ETF) aiming to provide investment results, before fees and expenses, that correspond to three times (3x) the daily performance of the Dow Jones U.S. Select Home Construction Index. As an ETF, NAIL primarily targets investors looking to gain a leveraged exposure to the U.S. home construction sector, including homebuilders and suppliers of homebuilding materials. The fund's operations focus on managing the portfolio to achieve its leveraged investment objective, employing financial derivatives and borrowing to magnify the returns of the underlying index. The projects and objectives of Direxion Daily Homebuilders & Supplies Bull 3X Shares center around offering sophisticated investors the tools to capitalize on both upward and short-term movements in the homebuilding sector, while constantly monitoring and adjusting to market conditions to manage risks and leverage effectively.
Direxion Daily Homebuilders & Supplies Bull 3X Shares company media
Company Snapshot

Is Direxion Daily Homebuilders & Supplies Bull 3X Shares a public or private company?

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Ownership
Public

How many people does Direxion Daily Homebuilders & Supplies Bull 3X Shares employ?

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Employees
56

What sector is Direxion Daily Homebuilders & Supplies Bull 3X Shares in?

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Sector
ETF

Where is the head office for Direxion Daily Homebuilders & Supplies Bull 3X Shares?

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Head Office
New York, United States

What year was Direxion Daily Homebuilders & Supplies Bull 3X Shares founded?

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Year Founded
2015
What does Direxion Daily Homebuilders & Supplies Bull 3X Shares specialise in?
/Leveraged ETF /Real Estate Investment /Equity Derivative /Triple Exposure /Homebuilding Stocks /Investment Services

What are the products and/or services of Direxion Daily Homebuilders & Supplies Bull 3X Shares?

Overview of Direxion Daily Homebuilders & Supplies Bull 3X Shares offerings
3x Daily Leveraged Returns: NAIL aims to deliver triple the daily return of an index that tracks the performance of U.S. companies in the homebuilding and building supply sector. This leverage offers the potential for amplified gains if the index rises but also magnified losses if it falls.
Focus on U.S. Homebuilding & Building Supplies: NAIL invests in companies included in an index that reflects the performance of U.S. firms involved in various segments of the homebuilding industry. This can include companies that construct houses, manufacture building materials, sell furniture and fixtures, and offer home improvement supplies.
Short-Term Investment Approach: Due to the compounding effect of its daily leverage, NAIL is designed for short-term trading and may not be suitable for long-term investment goals. Holding it for extended periods might not deliver the intended results, as negative daily returns can be significantly magnified over time.
Potential for Amplified Gains (or Losses): NAIL offers the potential for significantly amplified gains if the U.S. homebuilding and building supply sector, as represented by the underlying index, experiences strong growth. However, this leverage also magnifies potential losses if the index goes down.
Higher Volatility: The 3x leverage magnifies the daily movements of the underlying index, resulting in potentially larger gains but also larger losses compared to an ETF directly tracking the index.