Key stats
About Direxion Daily Regional Banks Bull 3X Shares
Expense ratio
0.95%
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Inception date
Aug 19, 2015
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.
Classification
What's in the fund
Exposure type
Finance
Cash
Stock breakdown by region
Displays a symbol's price movements over previous years to identify recurring trends.