Key stats
About Direxion Daily Pharmaceutical & Medical Bull 3X Shares
Expense ratio
1.01%
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Inception date
Nov 15, 2017
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.
Classification
What's in the fund
Exposure type
Health Technology
Cash
Stock breakdown by region
Displays a symbol's price movements over previous years to identify recurring trends.