PILL

Direxion Daily Pharmaceutical & Medical Bull 2x Shares
CLOSING PRICECHANGE (%)VOLUME
$23.71-- (--)769
4:00:00 p.m. (ET) 03/21/2017
BZX EXCHANGE CLOSED
LAST TRADECHANGE (%)
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BID SIZEBID ($)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 closing.  Its last day ofThis fund is closing. Its last day of trading will be 3/31/17. trading will be 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 - 20:35:08
Average Spread
Premium/Discount
Volume

PILL FactSet Analytics Block Liquidity

As of 03/22/17
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
0.94%
$1.2 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
Closing
2x
Daily

PILL Tax Exposures

20.00% / 39.60%
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No

PILL Tradability

2,137
$53.73 K
1,590
$39.62 K
0.51%
-0.00%
10.89% / -6.91%
None
50,000
0.03
0.02%
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$23.71
N/A