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Leveraged & Inverse ETFs

Direxion Daily AAPL Bull 1.5X and Bear 1X Shares

The Direxion Daily AAPL Bull 1.5X Shares and Direxion Daily AAPL Bear 1X Shares seek daily investment results, before fees and expenses, of 150% and 100% of the inverse (or opposite), respectively, of the performance of the common shares of Apple Inc. (NASDAQ: AAPL).

Investing in the funds involves a high degree of risk. Unlike traditional ETFs, or even other leveraged and/or inverse ETFs, these leveraged and/or inverse single-stock ETFs track the price of a single stock rather than an index, eliminating the benefits of diversification. Leveraged and inverse ETFs pursue daily leveraged investment objectives, which means they are riskier than alternatives which do not use leverage. They seek daily goals and should not be expected to track the underlying stock’s performance over periods longer than one day. They are not suitable for all investors and should be utilized only by investors who understand leverage risk and who actively manage their investments. The Funds will lose money if the underlying stock’s performance is flat, and it is possible that the Bull Fund will lose money even if the underlying stock’s performance increases, and the Bear Fund will lose money even if the underlying stock’s performance decreases, over a period longer than a single day. Investing in the Funds is not equivalent to investing directly in AAPL.

AAPU

NAV (Net Asset Value)$28.45As of Dec 08, 2023
1 Day NAV change$+0.29(+1.03%)As of Dec 08, 2023

AAPD

NAV (Net Asset Value)$20.03As of Dec 08, 2023
1 Day NAV change$-0.14(-0.69%)As of Dec 08, 2023
AAPUDirexion Daily AAPL Bull 1.5X Shares
Daily Target
+150%
Intra-day Value
AAPU.IV
Daily NAV
$28.45
Daily Market Price
$28.47
Expense Ratio
(gross/net %)
2.51 / 1.06*
Daily Volume
96,212
Security Identifier
25461A874
Inception Date
Aug 09, 2022
AAPDDirexion Daily AAPL Bear 1X Shares
Daily Target
-100%
Intra-day Value
AAPD.IV
Daily NAV
$20.03
Daily Market Price
$20.02
Expense Ratio
(gross/net %)
2.15 / 1.07*
Daily Volume
93,590
Security Identifier
25461A304
Inception Date
Aug 09, 2022

Documents & Downloads

  • AAPU AAPD Fact Sheet (pdf)
  • Direxion ETFs List (pdf)
  • AAPU Prospectus
  • AAPD Prospectus
  • Daily Fund Holdings (csv)

Pricing & Performance

NAV and Market Price information as of 12/08/2023.

AAPU Direxion Daily AAPL Bull 1.5X Shares
Net Asset Value (NAV)
$28.45Nav
$+0.29Change
+1.03%Change
Market Price Closing
$28.47Market
$+0.34Change
+1.21%Change
Premium / Discount
$+0.02Change from Last Day Trading
Premium/Discount tool
AAPD Direxion Daily AAPL Bear 1X Shares
Net Asset Value (NAV)
$20.03Nav
$-0.14Change
-0.69%Change
Market Price Closing
$20.02Market
$-0.15Change
-0.74%Change
Premium / Discount
$-0.01Change from Last Day Trading
Premium/Discount tool
1M3MYTD1Y3Y5Y10YSince
Inception
Expense Ratio*
(Gross / Net%)
Inception
Date
AAPU NAV
16.90
-0.04
66.11
35.47
8.62
2.51 / 1.06*
08/09/2022
AAPU Market Close
16.72
-0.15
65.97
35.29
8.59
2.51 / 1.06*
08/09/2022
AAPD NAV
-9.80
-0.08
-29.95
-20.34
-11.47
2.15 / 1.07*
08/09/2022
AAPD Market Close
-9.80
-0.11
-29.88
-20.33
-11.46
2.15 / 1.07*
08/09/2022

As of November 30, 2023

The Primary Listing Exchange is the NASDAQ.

*The Net Expense Ratio includes management fees, other operating expenses and Acquired Fund Fees and Expenses. If Acquired Fund Fees and Expenses were excluded, the Net Expense Ratio would be 0.95%. The Funds’ adviser, Rafferty Asset Management, LLC (“Rafferty”), has entered into an Operating Expense Limitation Agreement with each Fund. Under the Operating Expense Limitation Agreement, Rafferty has contractually agreed to waive all or a portion of its management fee and/or reimburse the Funds for Other Expenses through September 1, 2024, to the extent that a Fund’s Total Annual Fund Operating Expenses exceed 0.95% of the Fund’s average daily net assets (excluding, as applicable, among other expenses, taxes, swap financing and related costs, acquired fund fees and expenses, dividends or interest on short positions, other interest expenses, brokerage commissions and extraordinary expenses). If these expenses were included, the expense ratio would be higher.

The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate. An investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance quoted. Returns for performance under one year are cumulative, not annualized. For the most recent month-end performance please visit the funds’ website at direxion.com.

Short-term performance, in particular, is not a good indication of a fund’s future performance, and an investment should not be made based solely on returns. Because of ongoing market volatility, fund performance may be subject to substantial short-term changes. For additional information, see the fund’s prospectus.

Single Stock Exposure

Apple Inc. designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. It also sells various related services. AAPL is registered under the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Information provided to or filed with the Securities and Exchange Commission by Apple, Inc. pursuant to the Exchange Act can be located by reference to the Securities and Exchange Commission file number 001-36743 through the Securities and Exchange Commission’s website at www.sec.gov. In addition, information regarding Apple Inc. may be obtained from other sources including, but not limited to, press releases, newspaper articles and other publicly disseminated documents.

Important Information Regarding AAPU

The Direxion Daily AAPL Bull 1.5X Shares (AAPU) seeks 150% daily leveraged investment results and thus will have an increase of volatility relative to the underlying AAPL performance itself. Longer holding periods, higher volatility of AAPL and leverage increase the impact of compounding on an investor’s returns. During periods of higher AAPL volatility, the volatility of AAPL may affect the fund’s performance.

Important Information Regarding AAPD

The Direxion Daily AAPL Bear 1X Shares (AAPD) seeks daily inverse investment results and is very different from most other exchange-traded funds. Longer holding periods and higher volatility of AAPL increase the impact of compounding on an investor’s returns. During periods of higher volatility, the volatility of AAPL may affect the fund’s return as much as, or more than, the return of AAPL.

Distributions

AAPU Direxion Daily AAPL Bull 1.5X Shares

Record DateEx DatePay DateIncome DividendShort-Term Capital GainLong-Term Capital Gain
09/20/202309/19/202309/26/20230.14642
06/22/202306/21/202306/28/20230.14031
03/22/202303/21/202303/28/20230.07802
12/21/202212/20/202212/28/20220.12086
09/21/202209/20/202209/27/20220.01041
Record Date09/20/2023
Ex Date09/19/2023
Pay Date09/26/2023
Income Dividend0.14642
Short-Term Capital Gain
Long-Term Capital Gain
Record Date06/22/2023
Ex Date06/21/2023
Pay Date06/28/2023
Income Dividend0.14031
Short-Term Capital Gain
Long-Term Capital Gain
Record Date03/22/2023
Ex Date03/21/2023
Pay Date03/28/2023
Income Dividend0.07802
Short-Term Capital Gain
Long-Term Capital Gain
Record Date12/21/2022
Ex Date12/20/2022
Pay Date12/28/2022
Income Dividend0.12086
Short-Term Capital Gain
Long-Term Capital Gain
Record Date09/21/2022
Ex Date09/20/2022
Pay Date09/27/2022
Income Dividend0.01041
Short-Term Capital Gain
Long-Term Capital Gain

AAPD Direxion Daily AAPL Bear 1X Shares

Record DateEx DatePay DateIncome DividendShort-Term Capital GainLong-Term Capital Gain
09/20/202309/19/202309/26/20230.19327
06/22/202306/21/202306/28/20230.24297
03/22/202303/21/202303/28/20230.18271
12/21/202212/20/202212/28/20220.12666
12/09/202212/08/202212/14/20220.000000.00612
09/21/202209/20/202209/27/20220.02641
Record Date09/20/2023
Ex Date09/19/2023
Pay Date09/26/2023
Income Dividend0.19327
Short-Term Capital Gain
Long-Term Capital Gain
Record Date06/22/2023
Ex Date06/21/2023
Pay Date06/28/2023
Income Dividend0.24297
Short-Term Capital Gain
Long-Term Capital Gain
Record Date03/22/2023
Ex Date03/21/2023
Pay Date03/28/2023
Income Dividend0.18271
Short-Term Capital Gain
Long-Term Capital Gain
Record Date12/21/2022
Ex Date12/20/2022
Pay Date12/28/2022
Income Dividend0.12666
Short-Term Capital Gain
Long-Term Capital Gain
Record Date12/09/2022
Ex Date12/08/2022
Pay Date12/14/2022
Income Dividend0.00000
Short-Term Capital Gain0.00612
Long-Term Capital Gain
Record Date09/21/2022
Ex Date09/20/2022
Pay Date09/27/2022
Income Dividend0.02641
Short-Term Capital Gain
Long-Term Capital Gain

Documents

How to Buy

ETFs are generally available for purchase on exchanges, much like stocks—and can be bought and sold throughout the trading day whenever exchanges are open. Direxion ETFs cannot be purchased directly from Direxion, but are available for trading on most trading platforms.

We strongly recommend that you take the time to educate yourself on how leveraged and inverse ETFs function and behave in various market conditions before you endeavor to trade them in your account. It’s always a good idea to consult a financial advisor or brokerage account representative if you have questions about any ETFs.

Please note, your advisor or broker may charge commissions or other transaction fees.If you have any questions specific to Direxion products, please contact us direct at [email protected] or 866-476-7523.

Documents & Downloads

How to Buy

While you can't purchase our funds from our website, investors still have multiple options for buying Direxion ETFs
Learn more about buying Direxion ETFs

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