|Bid||28.68 x 1200|
|Ask||29.04 x 800|
|Day's Range||28.70 - 29.12|
|52 Week Range||14.61 - 32.43|
|PE Ratio (TTM)||N/A|
|YTD Daily Total Return||74.62%|
|Beta (3Y Monthly)||1.59|
|Expense Ratio (net)||1.04%|
The housing market is replete with lenders offering low interest rates, but not enough in the supply arena to keep would-be home buyers appeased. Can the current housing market keep real estate exchange-traded funds (ETFs) afloat via low interest rates? When the Federal Reserve decided to drop interest rates, it gave buyers the green light to hit the open road to home ownership only to find out that a detour of low supply stopped them dead in their tracks.
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.