EDC

Direxion Daily Emerging Markets Bull 3X Shares, Shares of beneficial interest, no par value

$54.04

+0.00%

Market closed. Last update: 10:56 PM ET

📎 Investment Objective

The Direxion Daily Emerging Markets Bull 3X Shares (EDC) seeks to provide daily investment results, before fees and expenses, of 300% of the performance of the MSCI Emerging Markets Index.

Overview

ETF tracking Direxion Daily Emerging Markets Bull 3X Shares, Shares of beneficial interest, no par value

Category Emerging Markets

Issuer Other

Inception Date 2008-12-17

Market Cap $107.1M

Average Volume N/A

Dividend Yield 1.87%

52-Week Range $20.69 - $57.69

VWAP $53.78

Performance

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Investment Summary

📎 Investment Objective

The Direxion Daily Emerging Markets Bull 3X Shares (EDC) seeks to provide daily investment results, before fees and expenses, of 300% of the performance of the MSCI Emerging Markets Index.

🎯 Investment Strategy

The fund uses a combination of financial instruments, such as futures contracts and swaps, to seek its daily leveraged investment objective. It does not seek to achieve its stated investment objective over a period of time greater than one day.

✨ Key Features

Provides 3x daily leveraged exposure to the MSCI Emerging Markets Index
Designed for short-term trading, not long-term buy-and-hold investing
Utilizes derivatives to achieve its daily leveraged performance target
Expense ratio of 0.00%

⚠️ Primary Risks

Significant risk of loss due to the effects of compounding and market volatility
Derivative instruments can be volatile and may magnify losses
Tracking error can occur due to the fund's daily rebalancing
Not suitable for investors with a long-term investment horizon

👤 Best For

This ETF is designed for experienced, risk-tolerant traders who seek to generate outsized returns from short-term movements in emerging market equities. It is not suitable for long-term, buy-and-hold investors due to the daily leveraged nature of the fund.