DFEN

Direxion Daily Aerospace & Defense Bull 3X Shares

$63.72

+0.00%

Market closed. Last update: 10:57 PM ET

📎 Investment Objective

The Direxion Daily Aerospace & Defense Bull 3X Shares (DFEN) seeks to provide 3x the daily return of the Dow Jones U.S. Select Aerospace & Defense Index, which tracks the performance of companies in the aerospace and defense industries.

Overview

ETF tracking Direxion Daily Aerospace & Defense Bull 3X Shares

Category Industrials

Issuer Other

Inception Date 2017-05-03

Market Cap $347.3M

Average Volume N/A

Dividend Yield 5.96%

52-Week Range $20.40 - $77.21

VWAP $62.80

Performance

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Price Chart

Investment Summary

📎 Investment Objective

🎯 Investment Strategy

DFEN uses financial derivatives and leveraged investment techniques to amplify the daily returns of the underlying index by a factor of 3. The fund does not seek to achieve its stated investment objective over periods longer than a single day.

✨ Key Features

Provides 3x the daily return of the Dow Jones U.S. Select Aerospace & Defense Index
Utilizes leveraged investment strategies and derivatives to achieve its objective
Resets daily, so performance may not match the index over longer time periods
Relatively high expense ratio compared to non-leveraged funds

⚠️ Primary Risks

Significant daily volatility and risk of losses due to the leveraged nature of the fund
Potential for divergence between the fund's performance and the underlying index over time
Exposure to the aerospace and defense industries, which can be impacted by government policies, defense spending, and geopolitical events
Risks associated with the use of derivatives and other complex financial instruments

👤 Best For

DFEN is a highly speculative and risky investment that is only suitable for experienced, sophisticated investors with a very high risk tolerance and a short-term investment horizon. It is not recommended for long-term buy-and-hold strategies or for investors with a low risk appetite.