Skip to Main Content
  • Search by ticker
  • Sign up for emails
  • Contact Us
  • 866-476-7523
Leveraged & Inverse ETFs

EVAV

The Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares seeks daily investment results, before fees and expenses, of 200% of the performance of the Indxx US Electric and Autonomous Vehicles Index. There is no guarantee that the fund will achieve its stated investment objective.

NAVas of Sep 29, 2023
1 Day NAV Changeas of Sep 29, 2023
$58.99
$2.08(3.65 %)

Related Links

Overview

Fund Information

Fund SymbolDaily TargetIntra-day ValueBenchmark IndexSecurity IdentifierExpense Ratio (gross/net %)Inception Date
EVAV200%EVAV.IVIUEAVNT25460G2524.79 / 1.00*Aug 11, 2022

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.

Documents & Downloads


Target Index

The Indxx US Electric and Autonomous Vehicles Index (IUEAVNT) is designed to track the performance of electric and autonomous vehicles companies. The Index Provider defines electric and autonomous vehicles companies as those companies that derive at least 50% of their revenues from the following activities (or “sub-themes”): Manufacturers –companies that manufacture and sell electric or autonomous vehicles; Enablers –companies that build infrastructure or create technology for electric or autonomous vehicles, such as charging docks and batteries; and Software and Technology Services –companies that engage in the development of software and technology for electric or autonomous vehicles. One cannot directly invest in an index.

Strategy & Benefits

You know that TRADING is different than investing. But the opportunity to take advantage of short-term trends is only won, if you get the direction right.

Whether you’re a bull or a bear, Direxion is with you. Our leveraged ETFs are powerful tools built to help you:

  • Magnify your short-term perspective with daily 2X leverage
  • Go where there’s opportunity, with bull and bear funds for both sides of the trade; and
  • Stay agile – with liquidity to trade through rapidly changing markets

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 index 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.


Pricing & Performance

NAV and Market Price information as of September 29, 2023. Line chart shows pricing trend over the last 30 days.

Net asset value (NAV)
  • 58.99
    NAV $
  • 2.08
    Change $
  • 3.65
    Change %
Market price closing
  • 59.04
    Market $
  • 2.08
    Change $
  • 3.66
    Change %
Premium / Discount
0.05
monthly1M %3M %YTD %1Y %3Y %5Y %10Y %Since InceptionInception DateExpense Ratio*
(Gross / Net %)
NAV-35.23 46.72 17.77 -62.76 -69.92 08/11/20224.79 / 1.00*
Market Close-34.90 47.91 18.04 -62.77 -69.85
As of August 31, 2023
quarterly1M %3M %YTD %1Y %3Y %5Y %10Y %Since InceptionInception DateExpense Ratio*
(Gross / Net %)
NAV34.63 -1.71 8.06 -74.25 08/11/20224.79 / 1.00*
Market Close36.04 -1.15 8.57 -74.11
IUEAVNT17.15 1.54 10.45 -41.78 -
As of June 30, 2023

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, 2024, 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.

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 fund’s website at www.direxion.com.

Short-term performance, in particular, is not a good indication of the 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

Record DateEx DatePay DateIncome DividendShort-Term Capital GainLong-Term Capital Gain
09/20/202309/19/2023 09/26/2023 0.47490
06/22/202306/21/2023 06/28/2023 0.24089
12/21/202212/20/2022 12/28/2022 0.03040