PILS

Direxion Daily Pharmaceutical & Medical Bear 2x Shares
CLOSING PRICECHANGE (%)VOLUME
$43.52+0.37 (0.86%)564
10:47:00 a.m. (ET) 03/31/2017
BZX EXCHANGE CLOSED
LAST TRADECHANGE (%)
---- (--)
BID SIZEBID ($)ASK ($)ASK SIZE
--------

PILS Fund Description

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

PILS FactSet Analytics Insight

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

PILS seeks to deliver -200% of the daily performance of the Dynamic Pharmaceutical Intellidex Index – the same index underlying PJP. The index is built using a quant-driven methodology to select and weight pharmaceutical companies based on fundamental and risk factors. PILS uses both exchange-traded and over-the-counter derivative contracts to achieve its goal.
As with all inverse funds PILS should not be expected to deliver 2 times the inverse 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, PILS 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 PILS 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
COMPARE
RESET
Select ETFs to compare their performance:
Bats Book Viewer
TOP OF BOOK
SHARES/SIZEPRICE
ASKS----
----
----
----
----
BIDS----
----
----
----
----
LAST 10 TRADES
TIMEPRICESHARES
------
------
------
------
------
------
------
------
------
------
Bats BZX Real-time Quote - 17:34:27
Average Spread
Premium/Discount
Volume

PILS 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 PILS out of 5.

PILS Summary Data

09/16/15
$2.15 M

PILS Index Data

Tiered
Multi-Factor

PILS Fund Structure

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

PILS Tax Exposures

20.00% / 39.60%
--
No

PILS Tradability

699
100
$4.79 K
-0.11%
15.62% / -14.00%
None
50,000
0.00
0%
--
$43.15