EUFLDirexion Daily MSCI European Financials Bull 2X Shares
EUFL Fund Description
The Direxion Daily MSCI European Financials Bull 2X Shares provide daily 2x leveraged exposure to a market-cap-weighted index of financial sector stocks in developed European markets.
EUFL Factset Analytics Insight
EUFL doubles down on an index of European large- and midcap financial sector stocks. Its underlying index is concentrated in a few large names, and the fund uses derivative contracts to provide leveraged exposure to these firms, with daily adjustments back to the headline 2x multiple. That last point is important because investors using the fund to bet on European financials will not get 2x exposure over the long-term due to the compounding effect of these daily adjustments. EUFL charges a steep fee, but trading commissions and spread costs are likely to matter more for this short-term trading vehicle. Also consider iShares' EUFN, which provides unleveraged exposure to the same index.
EUFL CHARTS AND PERFORMANCE
EUFL Summary Data
EUFL Portfolio Data
EUFL Index Data
EUFL Fund Structure
EUFL Tax Exposures
EUFL Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of EUFL. EUFL is rated a N/A out of 5.
Options Strategies for Outcome Investing
A collar strategy is a protective option strategy constructed by writing a call and buying a put with the same expiration date while being long the underlying security.
A covered call is an income strategy constructed by writing a call option against a holding of the underlying security.