NAIL - Direxion Daily Homebuilders & Supplies Bull 3X Shares

NYSEArca - NYSEArca Delayed Price. Currency in USD
96.45
+2.51 (+2.67%)
As of 11:52AM EST. Market open.
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Previous Close93.94
Open95.31
Bid96.29 x 1200
Ask96.51 x 1200
Day's Range95.31 - 96.81
52 Week Range31.78 - 97.04
Volume30,707
Avg. Volume77,411
Net Assets74.23M
NAV93.79
PE Ratio (TTM)N/A
Yield0.14%
YTD Daily Total Return39.65%
Beta (5Y Monthly)2.93
Expense Ratio (net)0.99%
Inception Date2015-08-19
  • ETF Trends

    Can 2020 Be the Year for Homebuilder ETFs?

    Homebuilder confidence got a boost in light of last week’s data, which showed that construction starts in the U.S. grew to a 13-year high with 1.61 million starts in December, according to data from the Commerce Department. According to some analysts, the milder-than-expected winter could be a reason for December’s rise in housing starts.

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    Mortgage Rates Falling Could Have Homebuilder ETFs Rising

    The average rate on a typical 30-year fixed rate mortgage fell to its lowest level since October, which could feed into strength for homebuilder ETFs. According to Mortgage News Daily, the rate fell to 3.69%, which could have prospective home buyers rethinking a real estate purchase in 2020. This fall in rates couples increased buyer sentiment tracked by a monthly survey put out by secondary mortgage market participant Fannie Mae (HPSI).

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    The top ETFs of 2019 surged by more than 50%.

  • ETF Trends

    Lower Interest Rates to Start 2020 Could Help Homebuilder ETFs

    Low interest rates to start 2020 could help give a shot in the arm to homebuilder ETFs in the new year. Lower mortgage rates could continue to give the housing market a much-needed boost, which could translate to more strength for homebuilders. Rising rates, low affordability and rising homebuilder costs due to tariffs have been thorns in the side for the housing market the past couple of years.

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    Home Builders Maintain Confidence in Housing Market

    Lower interest rates are injecting more optimism for home builders as they look to the close of 2019 and into 2020. This comes despite the National Association of Home Builders’ monthly confidence index falling one point to 70 in the month of November after October’s number represented a 20-month high. Home builders expect future sales to grow in the next six months, but confidence in near-term prospects for homes currently on the market is lower.

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    Caterpillar Earnings Miss Keeps Real Estate ETFs at Bay

    Caterpillar disappointed investors in Wednesday’s trading session as the construction equipment manufacturer missed analysts’ expectations for its third-quarter earnings results and lowered its forecast for the rest of the year. This kept ETF investors who were looking for signs of construction strength translating to real estate strength at bay. The company also lowered its full-year earnings per share forecast to a range of $10.59 and $11.09 from $12.06 and $13.06 a share.

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  • ETF Trends

    With Earnings Season Approaching, Consider Homebuilder ETFs

    The SPDR S&P Homebuilders ETF (NYSEArca: XHB) is up nearly 34% year-to-date and with earnings season looming, homebuilder ETFs have a chance to extend their 2019 paces. XHB seeks to provide investment ...

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    Institutional Investors Nail Down Homebuilder ETFs

    A confluence of lower mortgage rates and rising affordability could give homebuilder exchange-traded funds (ETFs) the necessary fuel to propel further gains. In particular, the SPDR S&P Homebuilders ETF ...

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    Low Mortgage Rates Could Shore Up Homebuilder ETFs

    National home prices are beginning to taper off, but low mortgage rates could give the housing sector a boost, which could shore up homebuilder exchange-traded funds (ETFs). Home prices were higher in ...

  • Benzinga

    This Leveraged ETF Isn't Getting Enough Love

    Recent commentary from home improvement retailers are another point in favor of the near-term thesis for NAIL. While those are consumer cyclical stocks with some tariff sensitivity, broadly speaking, the setups in that group favor NAIL. Plus, interest rates are a big assist for homebuilders when those rates are declining.

  • ETF Trends

    Is a Homebuilder Breakout on the Horizon?

    This article was originally published on ETFTrends.com. Homebuilder exchange-traded funds (ETFs) could be on the verge of a breakout. As such, ETFs to watch moving forward include the the iShares US Home Construction ETF (ITB) and SPDR S&P Homebuilders ETF (XHB) . From a technical perspective, things are also looking on the up and up.

  • ETF Trends

    Caterpillar Earnings Miss Puts Homebuilder ETFs on Watch

    Equipment manufacturer Caterpillar disappointed with its second-quarter earnings on Wednesday, citing the U.S.-China trade wars as the primary reason for higher costs affecting the company’s bottom line. ...

  • Will Trump Policies Spell Trouble for Homebuilding ETFs?
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    Will Trump Policies Spell Trouble for Homebuilding ETFs?

    The Trump administration's policies of increased tariffs on steel, aluminum and Canadian lumber as well as tougher immigration rules (especially pertaining to Mexico) could hurt homebuilding ETFs.

  • ETF Trends

    Attitude of Millennials Towards Housing Could Influence NAIL ETF

    Traders may want to keep an eye on the attitudes of millennials when it comes to owning versus renting, which could influence the Direxion Daily Homebuilders and Supplies Bull 3X Shares (NAIL) . This pushed rents up an average of 3% nationally to $1,390 per month, according to RealPage, a real estate software and analytics company. “Demand is proving especially strong in this year’s primary leasing season,” said RealPage’s chief economist, Greg Willett.

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  • ETF Trends

    Homebuilder Market Heats Up As Company Launches “Soft IPO”

    Prior to the subprime mortgage crisis, countless would-be investors and flippers purchased millions of distressed homes, turning some of them into lucrative rentals. What was once a novelty became and movement, filled with television shows and Instagram posts, as people scrambled to become house flippers, calling themselves investors.  Foreclosures, however, are now few and far between. Distressed properties, which include foreclosures and short sales, compose just 2% of home sales today, off from a high of 49% in March 2009, according to the National Association of Realtors.

  • Tough Time for Homebuilding ETFs Despite Fed's Dovishness?
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    Homebuilders' sentiments are wavering despite low mortgage rates. What should be your stance on housing ETFs?

  • ETF Trends

    Leveraged 3X Homebuilder ETF Hits the “NAIL” on the Head

    Thus far this year, NAIL is up a whopping 68 percent and is looking to build more gains in the future if the housing market happens to stay immune from the trade war news. "Amid the hand wringing over whether the U.S. and China are coming closer together or further apart on a trade deal, a dark horse has emerged in sector investing that seems immune to the cyclic boom and bust of this headline-driven market--that underdog is homebuilders," a Direxion Investments post noted. NAIL seeks daily investment results equal to 300% of the daily performance of the Dow Jones U.S. Select Home Construction Index.