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Leveraged & Inverse ETFs

Direxion Daily NFLX Bull 2X and Bear 1X Shares

The Direxion Daily NFLX Bull 2X Shares and Direxion Daily NFLX Bear 1X Shares seek daily investment results, before fees and expenses, of 200% and 100% of the inverse (or opposite), respectively, of the performance of the common shares of Netflix, Inc. (NASDAQ: NFLX).

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. Investing in the Funds is not equivalent to investing directly in NFLX.

NFXL

NAV (Net Asset Value)$38.72As of Dec 03, 2024
1 Day NAV change$+0.37(+0.96%)As of Dec 03, 2024

NFXS

NAV (Net Asset Value)$19.55As of Dec 03, 2024
1 Day NAV change$-0.09(-0.47%)As of Dec 03, 2024
NFXLDirexion Daily NFLX Bull 2X Shares
Daily Target
+200%
Intra-day Value
NFXL.IV
Daily NAV
$38.72
Daily Market Price
$38.66
Expense Ratio
(gross/net %)
0.99 / 0.97*
Daily Volume
Security Identifier
25461A882
Inception Date
Oct 03, 2024
NFXSDirexion Daily NFLX Bear 1X Shares
Daily Target
-100%
Intra-day Value
NFXS.IV
Daily NAV
$19.55
Daily Market Price
$19.58
Expense Ratio
(gross/net %)
0.99 / 0.97*
Daily Volume
Security Identifier
25461A205
Inception Date
Oct 03, 2024

Operational Updates

  • 10/03/2024
    Direxion Launches Netflix Single Stock Leveraged & Inverse ETFs
    Read Press Release

Documents & Downloads

Pricing & Performance

NAV and Market Price information as of 12/03/2024.

NFXL Direxion Daily NFLX Bull 2X Shares
Net Asset Value (NAV)
$38.72Nav
$+0.37Change
+0.96%Change
Market Price Closing
$38.66Market
$+0.28Change
+0.73%Change
Premium / Discount
$-0.06Change from Last Day Trading
Premium/Discount tool
NFXS Direxion Daily NFLX Bear 1X Shares
Net Asset Value (NAV)
$19.55Nav
$-0.09Change
-0.47%Change
Market Price Closing
$19.58Market
$-0.06Change
-0.31%Change
Premium / Discount
$+0.03Change from Last Day Trading
Premium/Discount tool
Loading chart...
1M3MYTD1Y3Y5Y10YSince
Inception
Expense Ratio*
(Gross / Net%)
Inception
Date
NFXL NAV
35.62
49.78
0.99 / 0.97*
10/03/2024
NFXL Market Close
35.29
49.80
0.99 / 0.97*
10/03/2024
NFXS NAV
-14.63
-20.48
0.99 / 0.97*
10/03/2024
NFXS Market Close
-14.40
-20.40
0.99 / 0.97*
10/03/2024

As of November 30, 2024

* 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, 2026, 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 funds’ 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.

Single Stock Exposure

Netflix, Inc. provides entertainment services. It offers TV series, documentaries, feature films, and mobile games across various genres and languages. The company provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, television set-top boxes, and mobile devices. It also provides DVDs-by-mail membership services in the United States. NFLX 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 Netflix, Inc. pursuant to the Exchange Act can be located by reference to the Securities and Exchange Commission file number 001-35727 through the Securities and Exchange Commission’s website at www.sec.gov. In addition, information regarding Netflix, Inc. may be obtained from other sources including, but not limited to, press releases, newspaper articles and other publicly disseminated documents.

Important Information Regarding NFXL

The Direxion Daily NFLX Bull 2X Shares (NFXL) seeks 200% daily leveraged investment results and thus will have an increase of volatility relative to the underlying NFLX performance itself. Longer holding periods, higher volatility of NFLX and leverage increase the impact of compounding on an investor’s returns. During periods of higher NFLX volatility, the volatility of NFLX may affect the fund’s performance.

Important Information Regarding NFXS

The Direxion Daily NFLX Bear 1X Shares (NFXS) seeks daily inverse investment results and is very different from most other exchange-traded funds. Longer holding periods and higher volatility of NFLX increase the impact of compounding on an investor’s returns. During periods of higher volatility, the volatility of NFLX may affect the fund’s return as much as, or more than, the return of NFLX.

Distributions

NFXL Direxion Daily NFLX Bull 2X Shares

Record DateEx DatePay DateIncome DividendShort-Term Capital GainLong-Term Capital Gain
0.00000
Record Date
Ex Date
Pay Date
Income Dividend0.00000
Short-Term Capital Gain
Long-Term Capital Gain

NFXS Direxion Daily NFLX Bear 1X Shares

Record DateEx DatePay DateIncome DividendShort-Term Capital GainLong-Term Capital Gain
0.00000
Record Date
Ex Date
Pay Date
Income Dividend0.00000
Short-Term Capital Gain
Long-Term Capital Gain

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

  • 10/03/2024
    Direxion Launches Netflix Single Stock Leveraged & Inverse ETFs
    Read Press Release

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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