Direxion Daily S&P500® Bull 3X Shares company info

What does Direxion Daily S&P500® Bull 3X Shares do?
Direxion Daily S&P500® Bull 3X Shares (NYSE:SPXL) is an exchange-traded fund (ETF) that aims to provide daily investment results, before fees and expenses, of 300% of the performance of the S&P 500® Index. As a leveraged ETF, it's designed for investors who seek a magnified exposure to the daily performance of the S&P 500®. The fund accomplishes its objectives by utilizing financial instruments like swaps, futures contracts, and options on the S&P 500® Index. Direxion Daily S&P500® Bull 3X Shares is focused on delivering triple the daily results of the S&P 500® Index, providing an opportunity for significant gains, but also comes with higher risk compared to non-leveraged ETFs. This ETF is primarily traded on the NYSE Arca, making it accessible to a wide range of investors looking for leveraged exposure to one of the most widely followed equity indices in the world.
Direxion Daily S&P500® Bull 3X Shares company media
Company Snapshot

Is Direxion Daily S&P500® Bull 3X Shares a public or private company?

key
Ownership
Public

How many people does Direxion Daily S&P500® Bull 3X Shares employ?

people
Employees
55

What sector is Direxion Daily S&P500® Bull 3X Shares in?

pie chart
Sector
ETF

Where is the head office for Direxion Daily S&P500® Bull 3X Shares?

location pin
Head Office
New York, United States

What year was Direxion Daily S&P500® Bull 3X Shares founded?

founded flag
Year Founded
2008
What does Direxion Daily S&P500® Bull 3X Shares specialise in?
/Leveraged ETF /S&P500 Index /Triple Exposure /Equity Management /Investment Vehicle /Stock Market

What are the products and/or services of Direxion Daily S&P500® Bull 3X Shares?

Overview of Direxion Daily S&P500® Bull 3X Shares offerings
Aims to deliver 3x daily returns of the S&P 500 Index, amplifying both gains and losses.
Targets aggressive investors seeking magnified exposure to the S&P 500's performance.
Employs a leveraged strategy, using financial instruments to magnify returns.
Carries significant risks due to daily compounding of returns and potential for magnified losses.
Not suitable for long-term investors or individuals with a low-risk tolerance.
Recommended for short-term bets on the S&P 500's direction, but comes with substantial volatility.