Summary
SPXL Chart
This Is Why I Would Buy SPXL
Some skeptics may point to the SPXL ETF as risk-prone because it is triple-leveraged.
If a Cruel Summer Is Ahead, Consider This Inverse ETF
The dog days of summer don't apply to traders. Seeking profits is an all-season affair.
Great Time To Buy SPXL
SPXL, a leveraged ETF, aims for 3x SPY's daily return, with a 0.87% expense ratio offset by a 0.91% dividend. My strategy involves holding SPXL when SPY is above its 200-day moving average, selling when it falls below. Despite recent underperformance, the strategy minimizes drawdowns; SPXL is now a buy signal, indicating lower volatility and higher returns.
Direxion Daily S&P 500 Bull 3X Shares Dividends
 SPXL 7 months ago Paid | Quarterly | $0.32 Per Share |
| SPXL 10 months ago Paid | Quarterly | $0.19 Per Share |
| SPXL 25 Jun 2024 Paid | Quarterly | $0.34 Per Share |
| SPXL 19 Mar 2024 Paid | Quarterly | $0.4 Per Share |
| SPXL 21 Dec 2023 Paid | Quarterly | $0.3 Per Share |
Direxion Daily S&P 500 Bull 3X Shares Earnings
| SPXL 7 months ago Paid | Quarterly | $0.32 Per Share |
| SPXL 10 months ago Paid | Quarterly | $0.19 Per Share |
| SPXL 25 Jun 2024 Paid | Quarterly | $0.34 Per Share |
| SPXL 19 Mar 2024 Paid | Quarterly | $0.4 Per Share |
| SPXL 21 Dec 2023 Paid | Quarterly | $0.3 Per Share |
Direxion Daily S&P 500 Bull 3X Shares (SPXL) 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 S&P 500 Bull 3X Shares ever had a stock split?
Direxion Daily S&P 500 Bull 3X Shares Profile
| ARCA Exchange | US Country |
Overview
The fund described operates as an investment vehicle that aims to provide investors with leveraged exposure to a specific index, which in this case encompasses 500 of the largest U.S.-listed companies by market capitalization. The fund's strategy involves an aggressive investment approach, committing at least 80% of its net assets, along with any borrowed funds for investment purposes, towards financial instruments designed to triple the daily performance of the targeted index. This includes the utilization of swap agreements, investments in the securities of the index itself, and holdings in exchange-traded funds (ETFs) that also track the same index. Despite aiming for high returns through leveraged exposure, this strategy inherently comes with a higher degree of risk compared to non-leveraged investment approaches. This fund is classified as non-diversified, meaning its investments are concentrated in a narrower selection of securities which can lead to greater volatility in its value.
Products and Services
Swap Agreements: These are derivative contracts through which two parties exchange the cash flows or liabilities from two different financial instruments. In the context of this fund, swap agreements are utilized to gain leveraged exposure to the index's performance without directly purchasing the underlying securities.
Securities of the Index: The fund invests in the stocks comprising the index itself, specifically targeting those 500 leading, large-cap U.S.-listed companies. This direct investment aims to mirror the performance of the index, which is then amplified through the fund's leveraged strategy.
Exchange-Traded Funds (ETFs): ETFs that track the performance of the targeted index are also part of the fund's investment portfolio. These funds offer the advantage of being traded like a stock while providing diversified exposure to a wide array of assets within the target index, thereby contributing to the overall strategy of gaining leveraged exposure.
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