Direxion Daily Cloud Computing Bull 2X Shares
The Direxion Daily Cloud Computing Bull 2X Shares seek daily investment results, before fees and expenses, of 200% of the performance of the Indxx USA Cloud Computing Index. There is no guarantee the fund will achieve its stated investment objective.
Investing in a Direxion Shares ETF may be more volatile than investing in broadly diversified funds. The use of leverage by the Fund increases the risk to the Fund. The Direxion Shares ETFs are not suitable for all investors and should be utilized only by sophisticated investors who understand leverage risk and the consequences of seeking daily leveraged investment results and intend to actively monitor and manage their investment.
CLDL
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- 01/23/2024
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This leveraged ETF seeks a return that is 200% of the return of its benchmark index for a single day. The fund should not be expected to provide two times the return of the benchmark’s cumulative return for periods greater than a day.
Pricing & Performance
NAV and Market Price information as of 11/07/2024.
Net Asset Value (NAV)
Market Price Closing
1M | 3M | YTD | 1Y | 3Y | 5Y | 10Y | Since Inception | Expense Ratio* (Gross / Net%) | Inception Date | |
---|---|---|---|---|---|---|---|---|---|---|
CLDL NAV | 10.74 | 20.49 | 3.62 | 49.73 | -28.31 | — | — | -17.81 | 1.66 / 0.97* | 01/08/2021 |
CLDL Market Close | 11.23 | 20.93 | 4.10 | 50.09 | -28.21 | — | — | -17.73 | 1.66 / 0.97* | 01/08/2021 |
As of October 31, 2024
The Primary Listing Exchange is the NYSE Arca, Inc.
*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 Fund’s adviser, Rafferty Asset Management, LLC (“Rafferty”) has entered into an Operating Expense Limitation Agreement with the 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 Fund for Other Expenses through September 1, 2025, to the extent that the 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.
Index Information
The Indxx USA Cloud Computing Index (IUCLOUN) is provided by Indxx, LLC. and includes domestic companies that deliver cloud computing infrastructure, platforms, or services. The companies included in the Index are involved in the delivery of computing services – servers, storage, databases, networking, software, analytics, and more, over the internet, which is often referred to as the “Cloud.” The Index Provider has defined cloud computing to include three themes: Infrastructure as a service; Platform as a service; and Software as a service. One cannot invest directly in an Index.
Index Top Ten Holdings
% of Total | |
---|---|
Oracle Sys | 6.85% |
SAP | 6.09% |
Servicenow | 6.00% |
Microstrategy | 5.46% |
Autodesk | 5.37% |
Adobe Inc | 5.25% |
Veeva Systems In | 4.69% |
Salesforce Inc | 4.60% |
Workday Inc | 4.58% |
Crowdstrike Holdings Inc | 4.41% |
Index Sector Weightings
% of Total | |
---|---|
Information Technology | 91.51% |
Health Care | 4.69% |
Industrials | 3.64% |
Communication Services | 0.16% |
Distributions
Record Date | Ex Date | Pay Date | Income Dividend | Short-Term Capital Gain | Long-Term Capital Gain | |
---|---|---|---|---|---|---|
12/10/2021 | 12/09/2021 | 12/16/2021 | 0.00000 | 1.01865 | — | |
Record Date12/10/2021 Ex Date12/09/2021 Pay Date12/16/2021 Income Dividend0.00000 Short-Term Capital Gain1.01865 Long-Term Capital Gain— |
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How to Trade
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.
Operational Updates
- 01/23/2024
Direxion's New ETF Alert Service. Get Price and Volume Alerts automatically via text message!
Set Up Your ETF Alerts Today
Documents & Downloads
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