URAA

Direxion Daily Uranium Industry Bull 2X Shares

$34.64

+0.00%

Market closed. Last update: 10:55 PM ET

📎 Investment Objective

The Direxion Daily Uranium Industry Bull 2X Shares ETF (URAA) seeks to provide daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the Uranium & Nuclear Energy Index.

Overview

ETF tracking Direxion Daily Uranium Industry Bull 2X Shares

Category Leveraged

Issuer Other

Inception Date 2024-06-26

Market Cap $18.2M

Average Volume N/A

Dividend Yield 2.68%

52-Week Range $9.24 - $58.19

VWAP $34.17

Performance

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Investment Summary

📎 Investment Objective

🎯 Investment Strategy

The fund uses a combination of financial instruments, such as futures contracts and swaps, to gain leveraged exposure to the uranium and nuclear energy industry. It does not invest directly in uranium or nuclear energy companies.

✨ Key Features

Provides 2x the daily performance of the underlying index, which tracks companies involved in the uranium and nuclear energy sectors
Utilizes leverage to amplify the daily returns of the target index
Resets daily, so longer-term performance may differ significantly from the target multiple
Relatively small asset base, which could impact liquidity and trading costs

⚠️ Primary Risks

Leveraged funds can experience significant losses in a short period of time
Volatility risk as the fund aims to provide 2x the daily performance of the index
Concentration risk as the fund is focused on a specific industry sector
Liquidity risk due to the small asset base and trading volume

👤 Best For

This ETF is best suited for experienced, risk-tolerant investors who understand the risks of leveraged funds and are looking for short-term, speculative exposure to the uranium and nuclear energy industry. It is not recommended for long-term buy-and-hold investors or those with a low risk tolerance.