What does Direxion Daily Real Estate Bull 3X Shares do?
Direxion Daily Real Estate Bull 3X Shares (NYSE:DRN) is focused on providing investment results, before fees and expenses, that correspond to three times (3x) the daily performance of the Real Estate Index. It is exclusively traded on the NYSE Arca, offering investors leveraged exposure to the real estate sector, specifically targeting real estate investments and real estate investment trusts (REITs). The fund's operations involve leveraging financial instruments like futures and swaps to amplify the returns of the real estate index it tracks. Aimed at experienced investors who understand the risks associated with leveraged investments, Direxion Daily Real Estate Bull 3X Shares aims to maximize short-term gains from the real estate market's daily movements. Its objectives revolve around employing aggressive investment strategies to achieve its 3x daily performance goal, making it a high-risk, high-reward option for speculative investment purposes.