|Bid||0.00 x 900|
|Ask||32.18 x 1400|
|Day's Range||31.58 - 32.13|
|52 Week Range||14.61 - 32.13|
|PE Ratio (TTM)||N/A|
|YTD Daily Total Return||94.13%|
|Beta (3Y Monthly)||1.69|
|Expense Ratio (net)||1.04%|
Of all of the sectors and industries included in this list, homebuilder and construction-related companies had the toughest road to hoe, as evidenced by the 62% drop in the Direxion Daily Homebuilders & Supplies Bull 3X Shares (NYSE: NAIL) between September and December in 2018. Data as of Sept 23, 2019, Past performance is not indicative of future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted.
Investors could make a short-term bullish play on the rate-sensitive sectors as these spaces will continue to trade smoothly if interest rates remain steady or decline in future.
Direxion, one of the largest issuers of leveraged exchange traded funds, is planning to change the indexes its leveraged pharmaceuticals and real estate ETFs track. Currently, the Direxion Daily Pharmaceutical ...
NEW YORK , May 31, 2019 /PRNewswire/ -- The Board of Trustees of the Direxion Shares ETF Trust ("Trust") has approved changes to the investment objective, investment strategy and underlying index ...
Investors could make a short-term bullish play on the rate-sensitive sectors as these spaces will continue to trade smoothly if interest rates remain steady.
Real estate has come a long way since the Great Recession of 2008 that saw market values plummet to remarkable depths after low interest rates and subprime mortgages pushed homes to exorbitant values. During the decade-long bull run in U.S. stocks, low interest rates ruled as the real estate markets were in recovery following the credit crisis in 2008. The depressed values in U.S. real estate also attracted cash buyers from China, but even to the vast majority who used financing to purchase a home, low rates still made real estate attractive.
Real estate stocks and the related exchange traded funds are sensitive to changes in interest and that much is being confirmed this year, but there are ways for risk-tolerant traders to garner short-term profits on both sides of the real estate trade. The Direxion Daily Real Estate Bull 3x Shares ETF (DRN) is an example of a bullish leveraged real estate exchange traded fund. DRN has a bearish cousin, the Direxion Daily Real Estate Bear 3x Shares (DRV) , which attempts to deliver triple the daily inverse returns of that benchmark.