Symbols

SPUU

Direxion Daily S&P 500 Bull 2X ETF·ARCA

--(--)

Key Stats

Assets Under Management

164.34MUSD

Fund Flow (1Y)

Dividend Yield

1.99%

Discount / Premium to NAV

Shares Outstanding

Expense Ratio

0.60%

About Direxion Daily S&P 500 Bull 2X ETF

Issuer

Rafferty Asset Management, LLC

Brand

Direxion

Home Page

https://www.direxion.com/product/daily-sp-500-bull-2x-etf

Inception Date

May 28, 2014

Structure

Open-Ended Fund

Index Tracked

S&P 500

Management Style

Passive

Dividend Treatment

Distributes

Distribution Tax Treatment

Ordinary income

Income Tax Type

Capital Gains

Max ST Capital Gains Rate

39.60%

Max LT Capital Gains Rate

20.00%

Primary Advisor

Rafferty Asset Management LLC

Distributor

Foreside Fund Services LLC

SPUU offers a bullish bet on the large-cap segment of the US equity market. With the use of swaps and derivatives, the fund aims to provide 2x levered exposure to the S&P 500, an index of committee-selected US large-cap companies which covers approximately 80% of the US investable universe. The index constituents are market-cap-weighted and rebalanced on a quarterly basis. As a geared product with daily resets, SPUU is designed as a short-term tactical instrument and not a long-term investment vehicle. As a result, long-term returns could materially differ from those of the underlying index due to daily compounding.