The Direxion Daily GOOGL Bull 1.5X Shares (GGLL) and Direxion Daily GOOGL Bear 1X Shares (GGLS) seek daily investment results, before fees and expenses, of 150% and 100% of the inverse (or opposite), respectively, of the performance of Class A shares of Alphabet Inc. (NASDAQ: GOOGL).
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
|Fund Symbol||Daily Target||Intra-day Value||Security Identifier||Expense Ratio (gross/net %)||Inception Date|
|GGLL||150%||GGLL.IV||25461A841||5.13 / 1.06*||Sep 07, 2022|
|GGLS||-100%||GGLS.IV||25461A601||5.00 / 1.06*||Sep 07, 2022|
The Funds do not seek to achieve their stated investment objective for a period of time different than a single trading day. The funds should not be expected to provide 150% or -100% of the returns of GOOGL for periods greater than a day.
Documents & Downloads
Alphabet Inc. provides online advertising services in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. The company offers performance and brand advertising services. GOOGL 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 Alphabet Inc. pursuant to the Exchange Act can be located by reference to the Securities and Exchange Commission file number 001- 37580 through the Securities and Exchange Commission’s website at www.sec.gov. In addition, information regarding Alphabet Inc. may be obtained from other sources including, but not limited to, press releases, newspaper articles and other publicly disseminated documents.
Important Information Regarding GGLL
The Direxion Daily GOOGL Bull 1.5X Shares (GGLL) seeks 150% daily leveraged investment results and thus will have an increase of volatility relative to the underlying GOOGL performance itself. Longer holding periods, higher volatility of GOOGL and leverage increase the impact of compounding on an investor’s returns. During periods of higher GOOGL volatility, the volatility of GOOGL may affect the fund’s performance.
Important Information Regarding GGLS
The Direxion Daily GOOGL Bear 1X Shares (GGLS) seeks daily inverse investment results and is very different from most other exchange-traded funds. Longer holding periods and higher volatility of GOOGL increase the impact of compounding on an investor’s returns. During periods of higher volatility, the volatility of GOOGL may affect the fund’s return as much as, or more than, the return of GOOGL.
Pricing & Performance
NAV and Market Price information as of June 08, 2023. Line chart shows pricing trend over the last 30 days.
- 27.87NAV $
- -0.13Change $
- -0.46Change %
- 27.85Market $
- -0.15Change $
- -0.54Change %
|monthly||1M %||3M %||YTD %||1Y %||3Y %||5Y %||10Y %||Since Inception||Inception Date||Expense Ratio*|
(Gross / Net %)
|NAV||21.47||55.76||57.41||—||—||—||—||13.67||09/07/2022||5.13 / 1.06*|
|quarterly||1M %||3M %||YTD %||1Y %||3Y %||5Y %||10Y %||Since Inception||Inception Date||Expense Ratio*|
(Gross / Net %)
|NAV||22.58||23.88||23.88||—||—||—||—||-10.54||09/07/2022||5.13 / 1.06*|
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 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. 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.
|Record Date||Ex Date||Pay Date||Income Dividend||Short-Term Capital Gain||Long-Term Capital Gain|