PILL

Direxion Daily Pharmaceutical & Medical Bull 2x Shares
CLOSING PRICECHANGE (%)VOLUME
$24.01-0.06 (-0.25%)2.24K
3:16:00 p.m. (ET) 03/31/2017
BZX EXCHANGE CLOSED
LAST TRADECHANGE (%)
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BID SIZEBID ($)ASK ($)ASK SIZE
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PILL Fund Description

The Direxion Daily Pharmaceutical & Medical Bull 2x Shares ETF provides 2x daily exposure to a multi-factor constructed index of pharmaceutical companies in the US.

PILL FactSet Analytics Insight

This fund is closed.  Its last day of trading was 3/31/17.

PILL seeks to deliver daily investment results of 200% of the performance of the Dynamic Pharmaceutical Intellidex Index. The underlying index is built using a quant-driven methodology to select and weight pharmaceutical companies based on fundamental and risk factors. Unlike PJP - the unlevered ETF product following the same index - which physically replicates the securities in the index, PILL uses derivatives to achieve its goal.
As with all levered funds PILL should not be expected to deliver 2 times the performance of its index for periods longer than 1 day - compounding and path-dependency can cause significant deviations over longer time frames.
Because of that, PILL is only appropriate as a tool for placing tactical bets and not as a permanent holding in a portfolio. Hence the cost of getting in and out of the fund - spreads and any premium/discount - is more important than the fund’s relatively high expense ratio.
In this regard, it remains to be seen if PILL achieves enough liquidity to become a viable option for placing short term bets on the direction of the pharmaceutical industry. It’s worth noting, though, that the fund is not really a pure play on the sector, as some biotech companies also find their way into the underlying index.

  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
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Bats BZX Real-time Quote - 19:07:18
Average Spread
Premium/Discount
Volume

PILL FactSet Analytics Block Liquidity

5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of 03/31/17. 03/31/17 is rated a PILL out of 5.

PILL Summary Data

09/16/15
$1.22 M

PILL Index Data

Tiered
Multi-Factor

PILL Fund Structure

Yes
No
0% / 100%
N/A
N/A
Closing
2x
Daily

PILL Tax Exposures

20.00% / 39.60%
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No

PILL Tradability

2,022
1,541
$39.73 K
-0.01%
10.89% / -6.91%
None
50,000
0.03
0.02%
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$24.07