Fund BasicsSee More
- Fund Family Direxion Investments
- Assets Under Management 49,042,500
- Shares Outstanding, K 650
- 60-Month Beta 3.45
- Price/Earnings ttm 37.61
- Annual Dividend & Yield 0.02
- Most Recent Dividend 0.018
- Management Fee 0.98%
|Period||Period Low||Period High||Performance|
| || |
-10.95 (-13.93%)since 02/03/21
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+7.11 (+11.74%)since 12/03/20
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+41.58 (+159.39%)since 03/03/20
Solid corporate earnings and expectations of a fat stimulus by U.S. President Joe Biden's administration have renewed the appeal for the riskier assets last week.
This year has witnessed historic twists and turns with the largest bull market turning into a bear market in March on the coronavirus outbreak, and then marking the fastest-ever recovery.
After April, stocks registered their biggest weekly gains last week. The week saw the U.S. presidential election and the likelihood of a Biden presidency with a divided Congress.
Growth investing will also likely to stay strong maintaining the ongoing trend.
The solid run came on optimism surrounding the additional stimulus and a coronavirus vaccine push that has bolstered investors' confidence in the stock market.
Wall Street was upbeat last week with the S&P 500, the Dow Jones and the Nasdaq gaining about 3.3%, 2.6% and 3.4%, respectively. These leveraged ETFs were the top-performers last week.
The Zacks Analyst Blog Highlights: TECL, SOXL, WEBL, AGQ and DRN
Upbeat technology earnings releases, extremely downbeat U.S. GDP data for the second quarter, rise in virus cases and vaccine hopes were the key factors that pulled the strings of the markets last week....
We highlighted some leveraged equity ETFs that piled up more than 100% returns in the second quarter.
The easing of lockdown measures is propelling demand, leading to renewed confidence among investors.
|3rd Resistance Point||87.05|
|2nd Resistance Point||84.73|
|1st Resistance Point||80.09|
|1st Support Level||73.13|
|2nd Support Level||70.81|
|3rd Support Level||66.17|