Symbols

DPST

Direxion Daily Regional Banks Bull 3X ETF·ARCA

--(--)

Key Stats

Assets Under Management

464.77MUSD

Fund Flow (1Y)

-391.25MUSD

Dividend Yield

2.24%

Discount / Premium to NAV

0.16%

Shares Outstanding

4.97M

Expense Ratio

0.92%

About Direxion Daily Regional Banks Bull 3X ETF

Issuer

Rafferty Asset Management, LLC

Brand

Direxion

Home Page

https://www.direxion.com/product/daily-regional-banks-bull-3x-etf

Inception Date

Aug 19, 2015

Structure

Open-Ended Fund

Index Tracked

S&P Regional Banks Select Industry Index

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

DPST provides a way for investors to take a 3x leveraged bullish exposure to an equal-weighted index of US regional banks. The fund specifically holds securities from the S&P Total Market Index that are classified under the regional banks sub-industry according to GICS. Its equal-weighting scheme lowers concentration thus, reducing single-name risk. As a geared product with daily resets, DPST is designed as a short-term trading tool 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. Prior to December 1, 2016, DPST tracked the Solactive US Regional Banks Index.