Key stats
About Direxion Daily LMT Bull 2X ETF
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Inception date
Aug 6, 2025
Structure
Open-Ended Fund
Replication method
Synthetic
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
ALPS Distributors, Inc.
ISIN
US25461H8878
LMTL provides 2x daily leveraged exposure to Lockheed Martin Corporation (LMT), primarily using swaps and options. For liquidity, it may also hold high-quality, short-term debt instruments or money market funds. The fund rebalances daily to maintain its leveraged target. If LMT moves more than 50% adversely in a day, investors could lose all their money, but the fund seeks to prevent gains or losses over 90% in a single day. Returns over periods longer than one day will differ from 2X the return of LMT due to compounding and volatility. The Fund does not generally take defensive positions.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
LMTL assets under management is 4.81 M USD. It's risen 14.17% over the last month.
LMTL fund flows account for 1.41 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, LMTL pays dividends to its holders with the dividend yield of 1.29%. The last dividend (Sep 30, 2025) amounted to 0.10 USD. The dividends are paid annually.
LMTL shares are issued by Rafferty Asset Management LLC under the brand Direxion. The ETF was launched on Aug 6, 2025, and its management style is Passive.
LMTL expense ratio is 0.97% meaning you'd have to pay 0.97% of your investment to help manage the fund.
LMTL follows the Lockheed Martin Corporation - Benchmark Price Return. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
LMTL trades at a premium (0.10%) meaning the ETF is trading at a higher price than the calculated NAV.