INDL

Direxion Daily MSCI India Bull 2X Shares

$58.82

+0.00%

Market closed. Last update: 10:56 PM ET

📎 Investment Objective

The Direxion Daily MSCI India Bull 2X Shares ETF (INDL) seeks to provide 2x the daily investment results of the MSCI India Index, which tracks the performance of large- and mid-cap Indian equities.

Overview

ETF tracking Direxion Daily MSCI India Bull 2X Shares

Category Leveraged

Issuer Other

Inception Date 2010-03-11

Market Cap $70.6M

Average Volume N/A

Dividend Yield 2.92%

52-Week Range $48.47 - $67.35

VWAP $58.68

Performance

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Price Chart

Investment Summary

📎 Investment Objective

The Direxion Daily MSCI India Bull 2X Shares ETF (INDL) seeks to provide 2x the daily investment results of the MSCI India Index, which tracks the performance of large- and mid-cap Indian equities.

🎯 Investment Strategy

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

✨ Key Features

Provides 2x the daily performance of the MSCI India Index
Utilizes derivatives and leverage to achieve its objective
Resets daily, so longer-term performance may differ from the target multiple
Relatively high expense ratio compared to non-leveraged India equity funds

⚠️ Primary Risks

Significant daily volatility and potential for losses greater than the index
Leverage risk, where losses can be magnified on down days
Potential for divergence from the target 2x multiple over longer holding periods
Risks associated with the Indian equity market, including currency and political risks

👤 Best For

This ETF is intended for experienced, risk-tolerant investors with a short-term trading horizon who seek to magnify their exposure to Indian equities on a daily basis. It is not suitable for long-term buy-and-hold investors due to the daily resetting of leverage.