Symbols

SPUU

Direxion Daily S&P 500 Bull 2X Shares·NYSE

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Key Stats

Assets Under Management

222.49MUSD

Fund Flows (1Y)

13.70MUSD

Dividend Yield

1.59%

Discount/Premium to NAV

-0.01%

Shares Outstanding

1.18M

Expense Ratio

0.60%

About Direxion Daily S&P 500 Bull 2X Shares

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.