AMZU AMZD
The Direxion Daily AMZN Bull 1.5X Shares and Direxion Daily AMZN 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 Amazon.com, Inc. (NASDAQ: AMZN).
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 AMZN.
AMZU
NAVas of Sep 29, 2023
1 Day NAV Changeas of Sep 29, 2023
$21.77
$0.28(1.30 %)
AMZD
NAVas of Sep 29, 2023
1 Day NAV Changeas of Sep 29, 2023
$21.08
$-0.18(-0.85 %)
Overview
Fund Information
| Fund Symbol | Daily Target | Intra-day Value | Security Identifier | Expense Ratio (gross/net %) | Inception Date |
|---|---|---|---|---|---|
| AMZU | 150% | AMZU.IV | 25461A858 | 5.13 / 1.06* | Sep 07, 2022 |
| AMZD | -100% | AMZD.IV | 25461A502 | 5.07 / 1.07* | Sep 07, 2022 |
Documents & Downloads
Single Stock Exposure
Amazon.com, Inc. engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services. AMZN 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 Amazon.com, Inc. pursuant to the Exchange Act can be located by reference to the Securities and Exchange Commission file number 000-22513 through the Securities and Exchange Commission’s website at www.sec.gov. In addition, information regarding Amazon.com, Inc. may be obtained from other sources including, but not limited to, press releases, newspaper articles and other publicly disseminated documents.
Important Information Regarding AMZU
The Direxion Daily AMZN Bull 1.5X Shares (AMZU) seeks 150% daily leveraged investment results and thus will have an increase of volatility relative to the underlying AMZN performance itself. The return of the fund for a period longer than a trading day will be the result of each trading day’s compounded return over the period, which will very likely differ from 150% of the return of AMZN for that period. Longer holding periods, higher volatility of AMZN and leverage increase the impact of compounding on an investor’s returns. During periods of higher AMZN volatility, the volatility of AMZN may affect the fund’s performance.
Important Information Regarding AMZD
The Direxion Daily AMZN Bear 1X Shares (AMZD) seeks daily inverse investment results and is very different from most other exchange-traded funds. Longer holding periods and higher volatility of AMZN increase the impact of compounding on an investor’s returns. During periods of higher volatility, the volatility of AMZN may affect the fund’s return as much as, or more than, the return of AMZN.
Pricing & Performance
NAV and Market Price information as of September 29, 2023. Line chart shows pricing trend over the last 30 days.
- AMZU
- AMZD
Net asset value (NAV)
- 21.77NAV $
- 0.28Change $
- 1.30Change %
Market price closing
- 21.75Market $
- 0.25Change $
- 1.16Change %
Premium / Discount
-0.02
| monthly | 1M % | 3M % | YTD % | 1Y % | 3Y % | 5Y % | 10Y % | Since Inception | Inception Date | Expense Ratio* (Gross / Net %) |
|---|---|---|---|---|---|---|---|---|---|---|
| NAV | 3.86 | 19.31 | 95.85 | — | — | — | — | 1.53 | 09/07/2022 | 5.13 / 1.06* |
| Market Close | 3.73 | 19.17 | 95.88 | — | — | — | — | 1.55 |
| quarterly | 1M % | 3M % | YTD % | 1Y % | 3Y % | 5Y % | 10Y % | Since Inception | Inception Date | Expense Ratio* (Gross / Net %) |
|---|---|---|---|---|---|---|---|---|---|---|
| NAV | 11.44 | 38.19 | 82.93 | — | — | — | — | -5.17 | 09/07/2022 | 5.13 / 1.06* |
| Market Close | 11.31 | 38.31 | 82.96 | — | — | — | — | -5.15 |
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.
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.
Distributions
- AMZU
- AMZD
| Record Date | Ex Date | Pay Date | Income Dividend | Short-Term Capital Gain | Long-Term Capital Gain |
|---|---|---|---|---|---|
| 09/20/2023 | 09/19/2023 | 09/26/2023 | 0.16217 | — | — |
| 06/22/2023 | 06/21/2023 | 06/28/2023 | 0.12387 | — | — |
| 03/22/2023 | 03/21/2023 | 03/28/2023 | 0.07367 | — | — |
| 12/21/2022 | 12/20/2022 | 12/28/2022 | 0.05814 | — | — |
| 09/21/2022 | 09/20/2022 | 09/27/2022 | 0.00581 | — | — |