SHPU

Direxion Daily SHOP Bull 2X ETF

$29.26

+0.00%

Market closed. Last update: 10:54 PM ET

📎 Investment Objective

The Direxion Daily SHOP Bull 2X ETF (SHPU) seeks to provide 2x the daily return of the S&P 500 Equal Weight Retail Index, which tracks the performance of the retail sector of the S&P 500 Index.

Overview

ETF tracking Direxion Daily SHOP Bull 2X ETF

Category Leveraged

Issuer Other

Inception Date 2025-08-06

Market Cap $5.1M

Average Volume N/A

Dividend Yield 0.38%

52-Week Range $27.74 - $44.98

VWAP $28.66

Performance

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Price Chart

Investment Summary

📎 Investment Objective

The Direxion Daily SHOP Bull 2X ETF (SHPU) seeks to provide 2x the daily return of the S&P 500 Equal Weight Retail Index, which tracks the performance of the retail sector of the S&P 500 Index.

🎯 Investment Strategy

The fund uses swap agreements and other derivatives to provide leveraged exposure to the underlying index. It rebalances its holdings daily to maintain the 2x leverage target.

✨ Key Features

Provides 2x the daily return of the S&P 500 Equal Weight Retail Index
Utilizes derivatives and swap agreements to achieve leveraged exposure
Rebalances daily to maintain the 2x leverage target
Designed for short-term, speculative trading rather than long-term investment

⚠️ Primary Risks

Significant risk of loss due to the leveraged nature of the fund
Potential for large daily losses that are magnified compared to the underlying index
Tracking error risk as the fund may not perfectly match the 2x daily return of the index
Liquidity risk and premium/discount to NAV due to the fund's small asset size

👤 Best For

This ETF is designed for experienced, risk-tolerant investors who seek short-term, speculative exposure to the retail sector with the potential for amplified gains and losses. It is not suitable for long-term buy-and-hold investors or those with a low risk tolerance.