Key stats
About Direxion Daily FTSE Europe Bull 3x Shares
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Inception date
Jan 22, 2014
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
Foreside Fund Services LLC
EURL is a 3x levered play on the FTSE Developed Europe Index, a market-cap-weighted index of total market stocks in developed Europe. The usual caveats for geared funds apply emphatically for 3x gearing: The fund rebalances its exposure on a daily basis, and is directly affected by issues of path dependency and compounding. As a result, its long-term returns are unlikely to achieve the 3x multiple. Returns are helped by strong trends and hurt by volatility. EURL isn’t appropriate for buy-and-hold investors. Note: The fund switched underlying indexes on August 22, 2016 to a slightly different and arguably better FTSE index. The index tracked at 1x by Vanguard`s VGK includes small-caps, thereby providing more complete coverage of the space.
Classification
What's in the fund
Exposure type
ETF
Cash
Stock breakdown by region
Top 10 holdings
On the verge of a breakoutPretty reasonable risk reward here, could be better if it test the lower ascending triangle once more.
Coincidentally, Greece debt deal will be up within the next 10 days and this might be the catalyst for the better or worst.
T/P: 40.89
Entry: 34.60
S/L: 31.37 (Trailing stops by 0.04 daily)
See all ideas
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
Related funds
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
EURL trades at 32.93 USD today, its price has risen 1.83% in the past 24 hours. Track more dynamics on EURL price chart.
EURL net asset value is 32.77 today — it's risen 15.25% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
EURL assets under management is 49.08 M USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
EURL price has risen by 14.97% over the last month, and its yearly performance shows a 20.53% increase. See more dynamics on EURL price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 15.25% over the last month, showed a 22.35% increase in three-month performance and has increased by 25.08% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 15.25% over the last month, showed a 22.35% increase in three-month performance and has increased by 25.08% in a year.
EURL fund flows account for 16.63 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.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
EURL invests in funds. See more details in our Analysis section.
EURL expense ratio is 1.05%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
Yes, EURL is a leveraged ETF, meaning it uses borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, EURL technical analysis shows the buy rating and its 1-week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating EURL shows the strong buy signal. See more of EURL technicals for a more comprehensive analysis.
Today, EURL technical analysis shows the buy rating and its 1-week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating EURL shows the strong buy signal. See more of EURL technicals for a more comprehensive analysis.
Yes, EURL pays dividends to its holders with the dividend yield of 2.15%.
EURL trades at a premium (0.49%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
EURL shares are issued by Rafferty Asset Management LLC
EURL follows the FTSE Developed Europe All Cap. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Jan 22, 2014.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.