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Leveraged & Inverse ETFs

Direxion Daily MSCI Emerging Markets Bull and Bear 3X Shares

The Direxion Daily MSCI Emerging Markets Bull and Bear 3X Shares seek daily investment results, before fees and expenses, of 300%, or 300% of the inverse (or opposite), of the performance of the MSCI Emerging Markets IndexSM. There is no guarantee these funds will achieve their stated investment objectives.

EDC

NAV (Net Asset Value)$28.77As of Feb 28, 2024
1 Day NAV change$-1.19(-3.96%)As of Feb 28, 2024

EDZ

NAV (Net Asset Value)$11.36As of Feb 28, 2024
1 Day NAV change$+0.44(+3.98%)As of Feb 28, 2024
EDCDirexion Daily MSCI Emerging Markets Bull 3X Shares
Daily Target
+300%
Intra-day Value
EDC.IV
Daily NAV
$28.77
Daily Market Price
$28.72
Expense Ratio
(gross/net %)
1.21 / 1.20*
Daily Volume
58,449
Security Identifier
25490K281
Inception Date
Dec 17, 2008
EDZDirexion Daily MSCI Emerging Markets Bear 3X Shares
Daily Target
-300%
Intra-day Value
EDZ.IV
Daily NAV
$11.36
Daily Market Price
$11.38
Expense Ratio
(gross/net %)
1.20 / 1.07*
Daily Volume
70,465
Security Identifier
25460E547
Inception Date
Dec 17, 2008

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

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

These leveraged ETFs seek a return that is 300% or -300% of the return of their benchmark index for a single day. The funds should not be expected to provide three times or negative three times the return of the benchmark’s cumulative return for periods greater than a day.

Pricing & Performance

NAV and Market Price information as of 02/28/2024.

EDC Direxion Daily MSCI Emerging Markets Bull 3X Shares
Net Asset Value (NAV)
$28.77Nav
$-1.19Change
-3.96%Change
Market Price Closing
$28.72Market
$-1.20Change
-4.01%Change
Premium / Discount
$-0.05Change from Last Day Trading
Premium/Discount tool
EDZ Direxion Daily MSCI Emerging Markets Bear 3X Shares
Net Asset Value (NAV)
$11.36Nav
$+0.44Change
+3.98%Change
Market Price Closing
$11.38Market
$+0.44Change
+3.98%Change
Premium / Discount
$+0.02Change from Last Day Trading
Premium/Discount tool
Loading chart...
1M3MYTD1Y3Y5Y10YSince
Inception
Expense Ratio*
(Gross / Net%)
Inception
Date
EDC NAV
-14.45
15.23
-14.45
-28.84
-35.69
-19.77
-10.72
-6.83
1.21 / 1.20*
12/17/2008
EDC Market Close
-15.12
15.13
-15.12
-28.88
-35.64
-19.78
-10.72
-6.85
1.21 / 1.20*
12/17/2008
EDZ NAV
15.70
-16.00
15.70
21.46
12.53
-21.08
-25.44
-37.09
1.20 / 1.07*
12/17/2008
EDZ Market Close
16.24
-16.04
16.24
21.35
12.42
-21.11
-25.46
-37.10
1.20 / 1.07*
12/17/2008

As of January 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 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.

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 direxion.com.

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 MSCI Emerging Market IndexSM (NDUEEGF) is a free float-adjusted market capitalization weighted index that is designed to represent the performance of large- and mid-capitalization securities across emerging markets countries. One cannot invest directly in an index.

Index Top Ten Holdings

% of Total
TWN Semicont Man
6.74%
Samsung Electronics
4.12%
Tencent Holdings
3.55%
Alibaba Group
2.23%
Reliance Industries Class A
1.34%
PDD Holdings Inc
1.24%
Icici Bank Class A
0.88%
Infosys AU
0.87%
SK Hynix
0.85%
Hdfc Bank A
0.82%

Index Country Weightings

% of Total
China
23.63%
India
16.73%
Taiwan
15.88%
Korea
12.95%
Brazil
5.80%
Saudi Arabia
4.15%
South Africa
2.85%
Mexico
2.75%
Indonesia
1.89%
Thailand
1.75%
Hong Kong
1.46%
Malaysia
1.33%
United Arab Emirates
1.26%
Ireland
1.24%
Poland
0.89%
Qatar
0.89%
Kuwait
0.75%
Philippines
0.61%
Turkiye
0.61%
Chile
0.51%
Greece
0.48%
Hungary
0.26%
Cayman Islands
0.21%
Peru
0.19%
United States
0.17%
Czech Republic
0.15%
United Kingdom
0.13%
Luxembourg
0.11%
Colombia
0.11%
Egypt
0.10%
Netherlands
0.05%
Singapore
0.04%
Index data as of 12/31/2023. Index country weightings and top holdings are subject to change.

View Daily Fund Holdings

Distributions

EDC Direxion Daily MSCI Emerging Markets Bull 3X Shares

Record DateEx DatePay DateIncome DividendShort-Term Capital GainLong-Term Capital Gain
12/22/202312/21/202312/29/20230.14247
09/20/202309/19/202309/26/20230.29680
06/22/202306/21/202306/28/20230.29784
03/22/202303/21/202303/28/20230.33911
Record Date12/22/2023
Ex Date12/21/2023
Pay Date12/29/2023
Income Dividend0.14247
Short-Term Capital Gain
Long-Term Capital Gain
Record Date09/20/2023
Ex Date09/19/2023
Pay Date09/26/2023
Income Dividend0.29680
Short-Term Capital Gain
Long-Term Capital Gain
Record Date06/22/2023
Ex Date06/21/2023
Pay Date06/28/2023
Income Dividend0.29784
Short-Term Capital Gain
Long-Term Capital Gain
Record Date03/22/2023
Ex Date03/21/2023
Pay Date03/28/2023
Income Dividend0.33911
Short-Term Capital Gain
Long-Term Capital Gain

EDZ Direxion Daily MSCI Emerging Markets Bear 3X Shares

Record DateEx DatePay DateIncome DividendShort-Term Capital GainLong-Term Capital Gain
12/22/202312/21/202312/29/20230.06992
09/20/202309/19/202309/26/20230.12891
06/22/202306/21/202306/28/20230.12436
03/22/202303/21/202303/28/20230.15220
Record Date12/22/2023
Ex Date12/21/2023
Pay Date12/29/2023
Income Dividend0.06992
Short-Term Capital Gain
Long-Term Capital Gain
Record Date09/20/2023
Ex Date09/19/2023
Pay Date09/26/2023
Income Dividend0.12891
Short-Term Capital Gain
Long-Term Capital Gain
Record Date06/22/2023
Ex Date06/21/2023
Pay Date06/28/2023
Income Dividend0.12436
Short-Term Capital Gain
Long-Term Capital Gain
Record Date03/22/2023
Ex Date03/21/2023
Pay Date03/28/2023
Income Dividend0.15220
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 3X 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

Tax Documents

Download the following Tax Reporting Documents

How to Buy

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 Buy

While you can't purchase our funds from our website, investors still have multiple options for buying Direxion ETFs
Learn more about buying Direxion ETFs

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