
Direxion Daily NFLX Bull 2X Shares (NFXL)
NFXL Price Chart
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NFXL ETF Profile
Key details and information about Direxion Daily NFLX Bull 2X Shares (NFXL).
Sector Focus
Financial Services
Industry
Asset Management - Leveraged
Inception Date
3 Oct 2024
Country
US
Description
This fund aims to provide daily returns that are two times the performance of NFLX (Netflix) stock. Under typical market conditions, it dedicates at least 80% of its total investment capital (including any borrowed funds) to achieving this goal. This allocation primarily involves direct investments in Netflix shares, as well as various financial instruments like swap agreements and options, all designed to generate a double-leveraged daily exposure to NFLX. It's important to note that the fund is not diversified, meaning its investments are concentrated within a narrow scope.
NFXL ETF Performance
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