DRN Direxion Daily Real Estate Bull 3x Shares
What is DRN?
DRN provides 3x leveraged exposure to an index that captures large cap equities of the US real estate segment.
DRN Factset Analytics Insight
DRN provides 3x leveraged exposure to the Real Estate Select Sector Index. DRN has exposure to the large-cap segment of the US Real Estate Sector as defined by GICS. The Index applies certain caps to aid diversification rules imposed on RICs. The 25/50 constraint targets of the Index are: no group entity exceeds 25% of index weight, and all group entities with weight above 5% cannot exceed 50% of the index weight. DRN is designed to be a trading vehicle not a long-term investment product. 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. Prior to February 28, 2022, the fund was named Direxion Daily MSCI Real Estate Bull 3X Shares, and tracked the MSCI US IMI Real Estate 25/50 Index.
DRN Summary Data
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Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of DRN. DRN is rated a N/A out of 5.