| Previous Close | 48.38 |
| Open | 48.85 |
| Bid | 47.6500 x 800 |
| Ask | 47.9700 x 900 |
| Day's Range | 47.87 - 49.00 |
| 52 Week Range | 46.55 - 96.48 |
| Volume | 8,536 |
| Avg. Volume | 7,095 |
| Net Assets | 13.78M |
| NAV | 55.10 |
| PE Ratio (TTM) | N/A |
| Yield | 0.25% |
| YTD Return | -28.42% |
| Beta (3Y Monthly) | 2.45 |
| Expense Ratio (net) | 1.02% |
| Inception Date | 2013-06-26 |
Traders eyeing the Direxion Daily Japan Bull 3X ETF (JPNL) may be taking notice of the market buzz surrounding the country’s improving economy, but trade wars between the United States and China could still weigh heavily on the leveraged ETF. Amid the trade scuffle between the U.S. and China, discussions between Japanese Prime Minister Shinzo Abe and U.S. President Donald Trump regarding trade have largely been positive. Both leaders have managed to eschew the back-and-forth barbs that President Trump and Chinese President Xi Jinping have been exchanging on the topic of trade.
The sight of a bull may be on the horizon in the "Land of the Rising Sun" as Japan is now stepping into the fold as investors are eyeing the country for opportunities, especially after the latest sell-offs occurring in U.S. equities recently--a positive sign for capital inflows into the Direxion Daily Japan Bull 3X ETF (JPNL). "Wall Street has also outstripped the rest of the world by a stunning margin in performance terms this year, a divergence that has worried investors in recent weeks and spurred some rotation away from US equities and towards Japan and other markets," said Michael Mackenzie of the Financial Times. The 800-point loss in the Dow Jones Industrial Average had many investors fretting about whether the historic bull market seen in U.S. equities has finally run out of steam.
Amid the trade scuffle between the United States and China, Japan is now stepping into the fold as Japanese Prime Minister Shinzo Abe is having discussions with U.S. President Donald Trump regarding trade, which could positively impact the Direxion Daily Japan Bull 3X ETF (JPNL). Japanese Prime Minister Shinzo Abe mentioned that trade talks were constructive with U.S. President Donald Trump in New York on Sunday ahead of the second round of trade dialogues between the two countries this week.
If the trade scuffle between the United States and China resembled a heavyweight confrontation, then Japan would be akin to a fight promoter on the sidelines, benefitting monetarily as the two economic superpowers engage in their tariff-for-tariff battle, which has been helping the Direxion Daily Japan Bull 3X ETF (JPNL) . The leveraged ETF was up 7.28% yesterday and up 1.75% today as Japan's exports grew during the month of August with strong shipments heading outbound towards the U.S. Exports to the U.S. were up 5.3% thus far this year and exports to China are up 12% from the previous year.
Last year, the MSCI Japan Index rose 24.3 percent, outpacing the S&P 500 by 260 basis points. Japanese stocks are off to another fine start in 2018 with the MSCI Japan Index trading higher by 7.6 percent. ...