Direxion Daily S&P 500 Bull 3X Shares, formerly Direxion Daily Large Cap Bull 3X Shares, seeks daily investment results of 300% of the price performance of the S&P 500 Index. The S&P 500 Index is a capitalization-weighted index composed of 500 domestic common stocks. Standard & Poor's selects the 500 stocks comprising the Index on the basis of market values and industry diversification. Most of the stocks in the Index are issued by the 500 largest companies, in terms of the aggregate market value of their outstanding stock, and generally are listed on the New York Stock Exchange. It invests in sectors, such as information technology, financials, health care, consumer discretionary, consumer staples, energy, industrials, utilities, materials and telecommunication services. Rafferty Asset Management, LLC is the Fund's investment adviser.
Basic Details
Issuer Direxion
Fund NameDirexion Daily S&P 500 Bull 3X
Tax ClassificationRegulated Investment Company
SymbolNYSEARCA:SPXL
Inception Date11/5/2008
Fund ManagerPaul Brigandi, Tony Ng
PhoneN/A
Fund Focus
Asset ClassEquity
BenchmarkS&P 500 TR USD
CategorySize and Style
FocusLarge Cap
Development LevelDeveloped Markets
RegionNorth America
Fund Statistics
Assets Under Management$1.32 billion
Average Daily Volume$3.36 million
Discount/Premium-0.63%
ETF Expenses
Management Fee0.75%
Other Expenses0.28%
Total Expenses1.03%
Fee Waiver0.01%
Net Expenses1.04%
Administrator, Advisor and Custodian
AdministratorU.S. Bancorp Fund Services, LLC
AdvisorRafferty Asset Management, LLC
CustodianThe Bank of New York Mellon Corporation
DistributorForeside Fund Services, LLC
Transfer AgentThe Bank of New York Mellon Corporation
Trustee
Lead Market MakerVirtu Financial
Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL) Frequently Asked Questions
What is Direxion Daily S&P 500 Bull 3X's stock symbol?
Direxion Daily S&P 500 Bull 3X trades on the New York Stock Exchange (NYSE)ARCA under the ticker symbol "SPXL."
How often does Direxion Daily S&P 500 Bull 3X pay dividends? What is the dividend yield for Direxion Daily S&P 500 Bull 3X?
Direxion Daily S&P 500 Bull 3X announced a quarterly dividend on Wednesday, June 20th. Shareholders of record on Wednesday, June 20th will be given a dividend of $0.0138 per share on Tuesday, June 26th. This represents a $0.06 dividend on an annualized basis and a yield of 0.11%. The ex-dividend date is Tuesday, June 19th. View Direxion Daily S&P 500 Bull 3X's Dividend History.
What is the consensus analysts' recommendation for Direxion Daily S&P 500 Bull 3X?
0 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Direxion Daily S&P 500 Bull 3X in the last year. There are currently for the stock, resulting in a consensus recommendation of "N/A."
Are investors shorting Direxion Daily S&P 500 Bull 3X?
Direxion Daily S&P 500 Bull 3X saw a drop in short interest in the month of June. As of June 15th, there was short interest totalling 272,381 shares, a drop of 75.6% from the May 31st total of 1,114,331 shares. Based on an average trading volume of 2,661,501 shares, the days-to-cover ratio is presently 0.1 days. View Direxion Daily S&P 500 Bull 3X's Current Options Chain.
Has Direxion Daily S&P 500 Bull 3X been receiving favorable news coverage?
News stories about SPXL stock have trended somewhat positive recently, Accern Sentiment reports. The research firm identifies positive and negative news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Direxion Daily S&P 500 Bull 3X earned a coverage optimism score of 0.15 on Accern's scale. They also assigned media coverage about the company an impact score of 48.83 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the near future.
Who are Direxion Daily S&P 500 Bull 3X's major shareholders?
Which institutional investors are selling Direxion Daily S&P 500 Bull 3X stock?
How do I buy shares of Direxion Daily S&P 500 Bull 3X?
Shares of SPXL can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Direxion Daily S&P 500 Bull 3X's stock price today?
One share of SPXL stock can currently be purchased for approximately $48.71.
MarketBeat Community Rating for Direxion Daily S&P 500 Bull 3X (NYSEARCA SPXL)
MarketBeat's community ratings are surveys of what our community members think about Direxion Daily S&P 500 Bull 3X and other stocks. Vote "Outperform" if you believe SPXL will outperform the S&P 500 over the long term. Vote "Underperform" if you believe SPXL will underperform the S&P 500 over the long term. You may vote once every thirty days.
