Key stats
About Direxion Daily NVDA Bull 2X Shares
Expense ratio
1.04%
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Inception date
Sep 13, 2023
NVDU is a short-term tactical tool that aims to deliver 2x the price return, less fees and expenses, for a single day of NVIDIA stock. Purchasers holding shares for longer than a day will need to monitor and rebalance their position frequently to attempt to achieve the 2x multiple. Aside from the leverage, compared to traditional ETFs, the shares take on added volatility due to the lack of diversification. Purchasers should conduct their own individual stock research prior to initiating a position and trade with conviction. Due to the complexities of the product, shares tend to perform as anticipated only when the underlying shares are trending and holders are on the positive corresponding side of that trade. However, the shares provide the advantage of capping the maximum loss to the full amount invested. Prior to April 2, 2024, the fund was named Direxion Daily NVDA Bull 1.5X Shares, seeking to provide a 1.5x leverage exposure.
Classification
What's in the fund
Exposure type
Electronic Technology
Cash
Stock breakdown by region
Displays a symbol's price movements over previous years to identify recurring trends.