Direxion Daily South Korea Bull 3x Shares (DX3M)
XBER 
Summary
DX3M Chart
Looking to Leverage Country ETFs? Here's 2 to Ponder
Emerging market (EM) equities continue to be the benefactors of a weaker dollar, giving traders plenty of profitable opportunities in EM. Single-country ETFs are in play, with two traders may want to ponder: the Direxion Daily South Korea Bull 3X Shares (KORU) and the Direxion Daily MSCI Mexico Bull 3X Shares (MEXX).
KORU: Navigating 2025 Volaility
The Direxion Daily MSCI South Korea Bull 3X Shares aims for 300% daily returns of the MSCI Korea 25/50 Index but is risky as a long term hold. This ETF can yield significant gains during bull runs but can also incur substantial losses during downturns, as seen in Q4 2024. South Korea's stock market has rebounded from December lows but faces economic and political uncertainties, making short-term pullbacks likely.
KORU Medical Systems Has A Long Runway
KORU Medical Systems' stock has surged 60% since November, driven by the success of its FREEDOM System for subcutaneous immunoglobulin delivery. The SCIg market is growing rapidly, with KORU outperforming competitors by capturing market share and benefiting from trends like prefilled syringes. Strong international growth, new therapies, and product innovations are key drivers, with significant revenue from recurring patients and promising future launches.
Direxion Daily South Korea Bull 3x Shares (DX3M) FAQ
What is the stock price today?
On which exchange is it traded?
What is its stock symbol?
Does it pay dividends? What is the current yield?
What is its market cap?
Has Direxion Daily South Korea Bull 3x Shares ever had a stock split?
Direxion Daily South Korea Bull 3x Shares Profile
| XBER Exchange | US Country |
Overview
The fund is focused on providing investors with a unique opportunity to gain leveraged exposure to the South Korean equity market, specifically targeting the large- and mid-cap segments. By investing a minimum of 80% of its net assets in various financial instruments, including swap agreements, securities of the index, and ETFs (Exchange Traded Funds) that mirror the performance of the index, the fund aims to offer thrice the daily leveraged exposure in line with its investment goal. This approach targets approximately 85% of the free float-adjusted market capitalization of South Korean issuers, aiming to leverage the dynamic and growing South Korean economy. It is important to note that the fund is classified as non-diversified, meaning it may invest more of its assets in fewer issuers than a diversified fund.
Products and Services
- Swap Agreements
Swap agreements are a key financial instrument used by the fund to achieve its investment objective. These contracts are agreements between two parties to exchange sequences of cash flows over a set period. In the context of this fund, swap agreements are primarily utilized to gain leveraged exposure to the South Korean equity market index without directly purchasing the underlying securities.
- Securities of the Index
The fund invests in securities of the index, which include stocks and other equity instruments that are part of the index the fund tracks. This strategy allows the fund to mimic the performance of the South Korean large- and mid-cap equity market, by holding assets that reflect the composition and performance of the index.
- ETFs that Track the Index
Exchange Traded Funds (ETFs) that track the index are another vital component of the fund's investment strategy. These ETFs are designed to replicate the performance of the South Korean equity market index, allowing the fund to achieve its leveraged exposure goal through a more diversified vehicle. Investing in ETFs also provides liquidity and efficiency benefits, making it easier for the fund to adjust its portfolio in response to market changes.
Contact Information
