PILL

Direxion Daily Pharmaceutical & Medical Bull 2x Shares
CLOSING PRICECHANGE (%)VOLUME
$25.70-0.19 (-0.74%)3.21K
3:14:00 p.m. (ET) 02/24/2017
BZX EXCHANGE CLOSED
LAST TRADECHANGE (%)
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BID SIZEBID ($)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

PILL seeks to deliver daily investment resultsPILL is only appropriate as a tool for placing tactical bets and not as a permanent holding in a portfolio 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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LAST 10 TRADES
TIMEPRICESHARES
15:04:0825.6820
10:34:0325.4384
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Bats BZX Real-time Quote - 23:59:59
Average Spread
Premium/Discount
Volume

PILL FactSet Analytics Block Liquidity

As of 02/24/17
5
4
3
2
1

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

PILL Summary Data

09/16/15
Open-Ended Fund
0.81%
$1.28 M

PILL Portfolio Data

0%
N/A

PILL Index Data

Tiered
Multi-Factor
N/A

PILL Fund Structure

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

PILL Tax Exposures

20.00% / 39.60%
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No

PILL Tradability

1,830
$43.24 K
1,141
$26.56 K
0.49%
-0.02%
10.89% / -6.91%
None
50,000
0.02
0.02%
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$25.89
N/A