Direxion Daily Aerospace & Defense Bull 3X SharesDirexion Daily Aerospace & Defense Bull 3X SharesDirexion Daily Aerospace & Defense Bull 3X Shares

Direxion Daily Aerospace & Defense Bull 3X Shares

No trades
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Key stats


Assets under management (AUM)
‪213.75 M‬USD
Fund flows (1Y)
‪−74.50 M‬USD
Dividend yield (indicated)
0.82%
Discount/Premium to NAV
11.09%

About Direxion Daily Aerospace & Defense Bull 3X Shares


Issuer
Rafferty Asset Management LLC
Brand
Direxion
Expense ratio
0.97%
Inception date
May 3, 2017
Index tracked
DJ US Select / Aerospace & Defense
Management style
Passive
DFEN is a daily 3x leveraged bet on the Dow Jones U.S. Select Aerospace and Defense Index, a market-cap-weighted index of US-listed aerospace and defense stocks. Unleveraged exposure to the same index can be found in ITA a fund from BlackRock. The geared 3x nature of DFEN is designed to magnify the daily performance of the index, not to return 300% of the index performance over extended periods of time. Due to compounding and the daily reset function, the fund is meant to be a trading vehicle for investors to make short-term bets on the direction of the aerospace and defense industry and not a long-term investment strategy. Compounding becomes more pronounced and more of a concern as holding periods increase, and the fund is likely to stray from the returns of the underlying index in such cases. Due to the fund`s day trading personality, trading volume and bid/ask spread are more important cost considerations than expense ratio.

Classification


Asset Class
Equity
Category
Sector
Focus
Industrials
Niche
Aerospace & defense
Strategy
Vanilla
Weighting scheme
Market cap
Selection criteria
Market cap

Returns


1 month3 monthsYear to date1 year3 years5 years
Price performance
NAV total return

What's in the fund


As of November 8, 2024
Exposure type
StocksBonds, Cash & Other
Electronic Technology
Producer Manufacturing
Cash
Stocks71.70%
Electronic Technology57.18%
Producer Manufacturing14.33%
Commercial Services0.10%
Consumer Durables0.09%
Bonds, Cash & Other28.30%
Cash28.30%
Stock breakdown by region
100%
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings

Dividends


Dividend payout history

Assets under management (AUM)



Fund Flows