AMZU

Direxion Shares ETF Trust Direxion Daily AMZN Bull 2X Shares

$38.43

+0.00%

Market closed. Last update: 10:53 PM ET

📎 Investment Objective

The Direxion Daily AMZN Bull 2X Shares ETF (AMZU) seeks to provide daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the common stock of Amazon.com, Inc. (AMZN).

Overview

ETF tracking Direxion Shares ETF Trust Direxion Daily AMZN Bull 2X Shares

Category Leveraged

Issuer Other

Inception Date 2022-09-07

Market Cap $307.4M

Average Volume N/A

Dividend Yield 3.93%

52-Week Range $22.33 - $50.44

VWAP $38.65

Performance

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Investment Summary

📎 Investment Objective

🎯 Investment Strategy

The fund uses swap agreements and other financial instruments to gain leveraged exposure to the performance of AMZN. It does not invest directly in the underlying stock.

✨ Key Features

Provides 2x the daily performance of Amazon.com, Inc. stock
Utilizes derivatives and other financial instruments to achieve its leveraged exposure
Resets daily, so longer-term performance may differ significantly from the target multiple
Very small asset size and low trading volume, which can impact liquidity and increase costs

⚠️ Primary Risks

Significant risk of loss due to the leveraged nature of the fund
Potential for divergence between the fund's performance and the underlying stock on a long-term basis
Liquidity risks due to low trading volume and asset size
Counterparty risk associated with the use of derivatives

👤 Best For

This ETF is best suited for experienced, risk-tolerant investors with a short-term trading horizon who seek to amplify their exposure to the daily price movements of Amazon.com, Inc. stock. It is not recommended for long-term buy-and-hold investors due to the compounding effects of daily rebalancing.