Viva Mexico! $MEXX chart looks bullishWe just tested the 61.8 retrace and if you believe the world isn't going to fall to bits, this is a solid play for upside in a 3x LETF.
Key stats
About Direxion Daily MSCI Mexico Bull 3X Shares
Expense ratio
1.25%
Home page
Inception date
May 3, 2017
MEXX provides 3x leveraged exposure to the MSCI Mexico IMI 25/50 Index, a market-cap-weighted index that measures the performance of Mexican equities of all capitalizations. As a geared product with daily resets, MEXX is designed as a short-term trading tool and not a long-term investment vehicle, and should not be expected to provide index leverage returns greater than a one-day period. Thus, investors in this trading vehicle should closely monitor their position and rebalance frequently.
Classification
What's in the fund
Exposure type
Cash
ETF
Stock breakdown by region
Displays a symbol's price movements over previous years to identify recurring trends.