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Leveraged & Inverse ETFs

Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares

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.

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.

EVAV

NAV (Net Asset Value)$21.04As of Jul 22, 2024
1 Day NAV change$+1.07(+5.34%)As of Jul 22, 2024
Daily Target
+200%
Intra-day Value
EVAV.IV
Daily NAV
$21.04
Daily Market Price
$20.92
Expense Ratio
(gross/net %)
1.79 / 0.98*
Daily Volume
8,161
Security Identifier
25460G146
Inception Date
Aug 11, 2022

Operational Updates

  • 01/23/2024
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Documents & Downloads

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

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 07/22/2024.

EVAV Direxion Daily Electric and Autonomous Vehicles Bull 2x Shares
Net Asset Value (NAV)
$21.04Nav
$+1.07Change
+5.34%Change
Market Price Closing
$20.92Market
$+0.85Change
+4.21%Change
Premium / Discount
$-0.12Change from Last Day Trading
Premium/Discount tool
Loading chart...
1M3MYTD1Y3Y5Y10YSince
Inception
Expense Ratio*
(Gross / Net%)
Inception
Date
EVAV NAV
-12.45
-35.12
-66.25
-75.90
-77.07
1.79 / 0.98*
08/11/2022
EVAV Market Close
-12.64
-36.10
-66.42
-76.09
-77.10
1.79 / 0.98*
08/11/2022

As of June 30, 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.

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.

Index Information

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 invest directly in an index.

Index Top Ten Holdings

% of Total
Rivian Automotive Class A
11.96%
Tesla
11.02%
Nio Inc Adr
8.36%
Xpeng A Adr
8.23%
Evgo Inc
6.27%
Li Auto Adr
5.81%
Indie Semiconductor Inc Class A
5.37%
Chargepoint Holdings Inc Class A
5.11%
Lucid Group Inc
4.69%
Luminar Technologies A
4.63%

Index Sector Weightings

% of Total
Automobile Manufacturers
52.12%
Automotive Parts & Equipment
24.32%
Automotive Retail
6.27%
Semiconductors
5.37%
Electrical Components & Equipment
5.11%
Aerospace & Defense
3.55%
Construction Machinery & Heavy Transportation Equipment
1.95%
Application Software
1.31%
Index data as of 06/30/2024. Index sector weightings and top holdings are subject to change.

View Daily Fund Holdings

Distributions

Record DateEx DatePay DateIncome DividendShort-Term Capital GainLong-Term Capital GainExpand
06/25/202406/25/202407/02/20240.13427
03/20/202403/19/202403/26/20240.12518
12/22/202312/21/202312/29/20230.33558
09/20/202309/19/202309/26/20230.47490
Record Date06/25/2024
Ex Date06/25/2024
Pay Date07/02/2024
Income Dividend0.13427
Short-Term Capital Gain
Long-Term Capital Gain
Record Date03/20/2024
Ex Date03/19/2024
Pay Date03/26/2024
Income Dividend0.12518
Short-Term Capital Gain
Long-Term Capital Gain
Record Date12/22/2023
Ex Date12/21/2023
Pay Date12/29/2023
Income Dividend0.33558
Short-Term Capital Gain
Long-Term Capital Gain
Record Date09/20/2023
Ex Date09/19/2023
Pay Date09/26/2023
Income Dividend0.47490
Short-Term Capital Gain
Long-Term Capital Gain

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.

Documents

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

Documents & Downloads

How to Trade

While you can't trade our funds from our website, investors still have multiple options for buying Direxion ETFs
Learn More About Trading Direxion ETFs

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