CLDL Direxion Daily Cloud Computing Bull 2X Shares
What is CLDL?
CLDL provides 2x leveraged daily exposure to a market-cap-weighted US equity index of companies involved in the cloud computing industry.
CLDL Factset Analytics Insight
CLDL seeks to deliver 200% of the daily performance of the Indxx USA Cloud Computing Index. The index includes US-listed firms that allow dynamic scaling by offering on-demand computing services such as servers, storage, network, and operating systems over the internet. Companies must derive majority of their revenues from activities related to cloud computing infrastructure, platforms and services. These companies license and deliver software over the internet by subscription, provide a platform to create software and virtualized computing via internet, make or distribute related hardware, and also offer shared resources services like shared storage, servers, and storage pools. Index constituents are capped at 5% each and undergoes annual rebalance and reconstitution. CLDL isn’t designed for long-term investors as the fund rebalances daily. As a result, compounding and path dependency make its long-term returns difficult to predict when compared with its underlying index.
CLDL Summary Data
CLDL Fund Structure
CLDL Tax Exposures
CLDL Portfolio Data
CLDL Index Data
Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of CLDL. CLDL is rated a N/A out of 5.