AIBU

Direxion Daily AI and Big Data Bull 2X Shares

$53.60

+0.00%

Market closed. Last update: 10:56 PM ET

📎 Investment Objective

The Direxion Daily AI and Big Data Bull 2X Shares ETF (AIBU) seeks to provide 2x the daily return of the Indxx AI & Big Data Index, which tracks companies involved in artificial intelligence and big data technologies.

Overview

ETF tracking Direxion Daily AI and Big Data Bull 2X Shares

Category Leveraged

Issuer Other

Inception Date 2024-05-15

Market Cap $29.5M

Average Volume N/A

Dividend Yield 0.92%

52-Week Range $20.89 - $65.41

VWAP $53.34

Performance

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Investment Summary

📎 Investment Objective

🎯 Investment Strategy

The fund uses derivatives and leveraged investment techniques to amplify the daily performance of the underlying index. It does not seek to achieve its 2x objective over periods longer than a single day.

✨ Key Features

Provides 2x the daily return of the Indxx AI & Big Data Index
Utilizes derivatives and leverage to magnify index performance
Resets daily, so longer-term returns may differ from the target multiple
Relatively high expense ratio compared to non-leveraged funds

⚠️ Primary Risks

Significant risk of loss due to the leveraged nature of the fund
Potential for divergence between the fund's daily return and the index's long-term return
Exposure to the volatility and performance of the AI and big data technology sectors
Liquidity and trading risks associated with a relatively small and new ETF

👤 Best For

This ETF is best suited for experienced, risk-tolerant investors with a short-term investment horizon who are seeking to magnify their exposure to the AI and big data technology sectors on a daily basis. It is not recommended for long-term buy-and-hold investors.