NVDU

Direxion Shares ETF Trust Direxion Daily NVDA Bull 2X Shares

$131.61

+0.00%

Market closed. Last update: 10:57 PM ET

📎 Investment Objective

The Direxion Daily NVDA Bull 2X Shares ETF seeks to provide 2x the daily return of the NVIDIA Corporation (NVDA) stock.

Overview

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

Category Leveraged

Issuer Other

Inception Date 2023-09-13

Market Cap $714.0M

Average Volume N/A

Dividend Yield 12.20%

52-Week Range $38.91 - $158.14

VWAP $127.47

Performance

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Investment Summary

📎 Investment Objective

The Direxion Daily NVDA Bull 2X Shares ETF seeks to provide 2x the daily return of the NVIDIA Corporation (NVDA) stock.

🎯 Investment Strategy

The fund uses derivatives and leveraged investment techniques to amplify the daily performance of NVIDIA's stock price. It does not seek to achieve its stated investment objective over periods longer than a single day.

✨ Key Features

Provides 2x the daily return of NVIDIA's stock price
Utilizes derivatives and leverage to magnify performance
Resets daily, so longer-term returns may differ from 2x the stock's performance
Very high risk and volatility due to leveraged nature

⚠️ Primary Risks

Significant daily volatility and risk of losses exceeding 100% of investment
Potential for divergence between fund and underlying stock performance over time
Counterparty risk associated with derivatives used to obtain leverage
Not suitable for long-term buy-and-hold investors

👤 Best For

This ETF is intended for experienced, risk-tolerant traders who seek to make short-term, speculative bets on the daily price movements of NVIDIA's stock. It is not suitable for conservative or long-term investors.