INDLDirexion Daily MSCI India Bull 3X Shares
INDL Fund Description
INDL provides daily 3x exposure to an index designed to track the performance of the Indian equity market.
INDL Factset Analytics Insight
INDL provides an aggressive, daily 3x leveraged bet on the MSCI India Index. Anyone holding INDL for longer than a single trading day will be exposed to the effects of compounding, which means that the 3x multiple may not be achieved. Liquidity is paramount for tactical products like INDL, while its high fee is far less important a consideration for most investors. The fund has relatively strong daily volume although spreads can be wide.INDL changed its index from Indus India Index to MSCI India Index on 1/3/2017. The new index broadened its exposure to cover approximately 85% of companies, by market capitalization, listed in India.
INDL CHARTS AND PERFORMANCE
INDL Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of INDL. INDL is rated a 5 out of 5.