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Leveraged & Inverse ETFs

Direxion Daily NVDA Bull 1.5X and Bear 1X Shares

The Direxion Daily NVDA Bull 1.5X Shares (NVDU) and Direxion Daily NVDA Bear 1X Shares (NVDD) seek daily investment results, before fees and expenses, of 150% and 100% of the inverse (or opposite), respectively, of the performance of the common shares of NVIDIA Corporation (NASDAQ: NVDA).

Important Notice to Investors: Effective April 2, 2024, Direxion will increase exposure and risk from 1.5X to 2X on Single Stock Daily Leveraged Bull ETFs. Read the Press Release.

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 NVDA.

NVDU

NAV (Net Asset Value)$61.21As of Mar 04, 2024
1 Day NAV change$+3.12(+5.38%)As of Mar 04, 2024

NVDD

NAV (Net Asset Value)$12.41As of Mar 04, 2024
1 Day NAV change$-0.46(-3.57%)As of Mar 04, 2024
NVDUDirexion Daily NVDA Bull 1.5X Shares
Daily Target
+150%
Intra-day Value
NVDU.IV
Daily NAV
$61.21
Daily Market Price
$61.25
Expense Ratio
(gross/net %)
1.09 / 1.07*
Daily Volume
540,928
Security Identifier
25461A833
Inception Date
Sep 13, 2023
NVDDDirexion Daily NVDA Bear 1X Shares
Daily Target
-100%
Intra-day Value
NVDD.IV
Daily NAV
$12.41
Daily Market Price
$12.42
Expense Ratio
(gross/net %)
1.09 / 1.07*
Daily Volume
274,006
Security Identifier
25461A700
Inception Date
Sep 13, 2023

Operational Updates

  • 02/02/2024
    Direxion Announces Exposure and Risk Increase on Single Stock Daily Leveraged ETFs
    Read the Press Release
  • 01/23/2024
    Direxion's New ETF Alert Service. Get Price and Volume Alerts automatically via text message!
    Set Up Your ETF Alerts Now
  • 09/13/2023
    Direxion Launches Nvidia Single Stock Leveraged and Inverse ETFs
    Read the Article

Documents & Downloads

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

Pricing & Performance

NAV and Market Price information as of 03/04/2024.

NVDU Direxion Daily NVDA Bull 1.5X Shares
Net Asset Value (NAV)
$61.21Nav
$+3.12Change
+5.38%Change
Market Price Closing
$61.25Market
$+3.15Change
+5.42%Change
Premium / Discount
$+0.04Change from Last Day Trading
Premium/Discount tool
NVDD Direxion Daily NVDA Bear 1X Shares
Net Asset Value (NAV)
$12.41Nav
$-0.46Change
-3.57%Change
Market Price Closing
$12.42Market
$-0.44Change
-3.42%Change
Premium / Discount
$+0.01Change from Last Day Trading
Premium/Discount tool
Loading chart...
1M3MYTD1Y3Y5Y10YSince
Inception
Expense Ratio*
(Gross / Net%)
Inception
Date
NVDU NAV
43.39
112.59
96.82
120.67
1.09 / 1.07*
09/13/2023
NVDU Market Close
43.42
112.37
96.73
120.71
1.09 / 1.07*
09/13/2023
NVDD NAV
-24.70
-42.86
-39.63
-45.72
1.09 / 1.07*
09/13/2023
NVDD Market Close
-24.78
-42.86
-39.68
-45.74
1.09 / 1.07*
09/13/2023

As of February 29, 2024

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 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, 2025, 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.

Single Stock Exposure

NVIDIA Corporation operates as a visual computing company worldwide. It operates in two segments, graphics and compute & networking. NVDA 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, including audited financial statements, by NVIDIA Corporation pursuant to the Exchange Act can be located by reference to the Securities and Exchange Commission file number 000-23985 through the Securities and Exchange Commission’s website at www.sec.gov. In addition, information regarding NVIDIA Corporation may be obtained from other sources including, but not limited to, press releases, newspaper articles and other publicly disseminated documents.

Important Information Regarding NVDU

The Direxion Daily NVDA Bull 1.5X Shares (NVDU) seeks 150% daily leveraged investment results and thus will have an increase of volatility relative to the underlying NVDA performance itself. Longer holding periods, higher volatility of NVDA and leverage increase the impact of compounding on an investor’s returns. During periods of higher NVDA volatility, the volatility of NVDA may affect the fund’s performance.

Important Information Regarding NVDD

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

Distributions

NVDU Direxion Daily NVDA Bull 1.5X Shares

Record DateEx DatePay DateIncome DividendShort-Term Capital GainLong-Term Capital Gain
12/22/202312/21/202312/29/20230.17663
Record Date12/22/2023
Ex Date12/21/2023
Pay Date12/29/2023
Income Dividend0.17663
Short-Term Capital Gain
Long-Term Capital Gain

NVDD Direxion Daily NVDA Bear 1X Shares

Record DateEx DatePay DateIncome DividendShort-Term Capital GainLong-Term Capital Gain
12/22/202312/21/202312/29/20230.26085
12/11/202312/08/202312/14/20230.000000.03106
Record Date12/22/2023
Ex Date12/21/2023
Pay Date12/29/2023
Income Dividend0.26085
Short-Term Capital Gain
Long-Term Capital Gain
Record Date12/11/2023
Ex Date12/08/2023
Pay Date12/14/2023
Income Dividend0.00000
Short-Term Capital Gain0.03106
Long-Term Capital Gain

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

  • 02/02/2024
    Direxion Announces Exposure and Risk Increase on Single Stock Daily Leveraged ETFs
    Read the Press Release
  • 01/23/2024
    Direxion's New ETF Alert Service. Get Price and Volume Alerts automatically via text message!
    Set Up Your ETF Alerts Now
  • 09/13/2023
    Direxion Launches Nvidia Single Stock Leveraged and Inverse ETFs
    Read the Article

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

Trading the Ups & Downs of NVIDIA

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