DRN

Direxion Daily Real Estate Bull 3X Shares

$8.79

+0.00%

Market closed. Last update: 10:51 PM ET

📎 Investment Objective

The Direxion Daily Real Estate Bull 3X Shares (DRN) seeks to provide daily investment results, before fees and expenses, of 300% of the performance of the MSCI US REIT Index.

Overview

ETF tracking Direxion Daily Real Estate Bull 3X Shares

Category Leveraged

Issuer Other

Inception Date 2009-07-16

Market Cap $60.2M

Average Volume N/A

Dividend Yield 2.65%

52-Week Range $7.08 - $13.43

VWAP $8.76

Performance

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Price Chart

Investment Summary

📎 Investment Objective

The Direxion Daily Real Estate Bull 3X Shares (DRN) seeks to provide daily investment results, before fees and expenses, of 300% of the performance of the MSCI US REIT Index.

🎯 Investment Strategy

The fund uses swap agreements and other financial instruments to achieve its daily leveraged investment objective. It does not invest directly in real estate or real estate investment trusts (REITs).

✨ Key Features

Provides 3x daily leveraged exposure to the U.S. REIT market
Designed for short-term, speculative trading, not long-term buy-and-hold
Resets leverage daily, so returns may not match 3x the index over longer periods
Relatively high expense ratio compared to non-leveraged REIT ETFs

⚠️ Primary Risks

Significant risk of loss due to the effects of compounding and daily reset of leverage
Volatility risk as the fund's performance can diverge significantly from the underlying index over time
Counterparty risk related to the swap agreements used to obtain leverage
Potential for large and sudden losses, especially in volatile markets

👤 Best For

This ETF is intended for experienced, risk-tolerant investors with a short-term trading horizon who understand the risks of leveraged products and can monitor their positions frequently. It is not suitable for long-term buy-and-hold investors.