Symbols

PILL

Direxion Daily Pharmaceutical & Medical Bull 3X Shares·NYSE

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Key Stats

Assets Under Management

19.66MUSD

Fund Flows (1Y)

-1.79MUSD

Dividend Yield

0.67%

Discount/Premium to NAV

0.30%

Shares Outstanding

1.55M

Expense Ratio

0.97%

About Direxion Daily Pharmaceutical & Medical Bull 3X Shares

Issuer

Rafferty Asset Management, LLC

Brand

Direxion

Home Page

https://www.direxion.com/product/daily-pharmaceutical-medical-bull-3x-etf

Inception Date

Nov 15, 2017

Structure

Open-Ended Fund

Index Tracked

S&P Pharmaceuticals 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

PILL seeks to deliver investment results of 3x the daily performance of the S&P Pharmaceuticals Select Industry Index, a modified equal-weighted index that measures the performance of pharmaceutical companies, as defined by GICS, on the S&P Total Market Index. The fund uses derivatives and swaps to achieve its target exposure. As a levered product with daily resets, PILL 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 August 2, 2019, the fund aimed to provide 3x leveraged exposure to the Dynamic Pharmaceutical Intellidex Index.