NAILDirexion Daily Homebuilders & Supplies Bull 3X Shares
NAIL Fund Description
NAIL provides 3x leveraged bullish exposure to an index composed of U.S. companies within the home construction sector.
NAIL Factset Analytics Insight
NAIL provides a way for investors to get 3x levered bullish exposure to the Dow Jones U.S. Select Home Construction index—a market-cap-weighted index composed of U.S. companies involved with homebuilding, supplying building materials and selling home improvement, furnishings and fixtures products. Though the expense ratio for the fund may seem high, it’s consistent with other funds with similar leverage. It should also be noted that NAIL is designed to be a trading vehicle, and not meant for long-term investment, so trading costs are more important than the fund's fee. As it rebalances its levered exposure on a daily basis, compounding and path dependency will skew its long-term returns relative to its underlying index. As with any new launch, trade NAIL with caution.
NAIL MSCI ESG Analytics Insight
The MSCI ESG Fund Quality Score measures the ability of ETF underlying holdings to manage key medium to long-term risks and opportunities arising from environmental, social, and governance factors, as determined by MSCI ESG Research LLC. As of December 17, 2018 the Direxion Daily Homebuilders & Supplies Bull 3X Shares MSCI ESG Fund Quality Score is 3.79 out of 10.
The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. NAIL ranks in the 0th percentile within its peer group and in the 5th percentile within the global universe of all funds in MSCI ESG Fund Metrics coverage.
NAIL CHARTS AND PERFORMANCE
NAIL Portfolio Data
NAIL Index Data
NAIL Fund Structure
NAIL Tax Exposures
NAIL Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of NAIL. NAIL is rated a N/A out of 5.