Symbols

NAIL

Direxion Daily Homebuilders & Supplies Bull 3X ETF·NYSE

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Key Stats

Assets Under Management

497.24MUSD

Fund Flow (1Y)

429.05MUSD

Dividend Yield

2.25%

Discount / Premium to NAV

-0.08%

Shares Outstanding

13.30M

Expense Ratio

0.96%

About Direxion Daily Homebuilders & Supplies Bull 3X ETF

Issuer

Rafferty Asset Management, LLC

Brand

Direxion

Home Page

https://www.direxion.com/product/daily-homebuilders-supplies-bull-3x-etf

Inception Date

Aug 19, 2015

Structure

Open-Ended Fund

Index Tracked

Dow Jones U.S. Select Home Construction 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

NAIL provides a way for investors to get 3x levered bullish exposure to Dow Jones U.S. Select Home Index. The index is market-cap weighted and includes firms in home construction, furnishings and fixtures, home improvement retailers as well as, producers, sellers and suppliers of building materials. It should be noted that NAIL is designed to be a trading vehicle, and not meant for long-term investment, so trading costs are more important than the fund's fee. As it rebalances its levered exposure daily, compounding and path dependency will skew its long-term returns relative to its underlying index.