NEED

Direxion Daily Consumer Staples Bull 3X Shares
*Unless otherwise stated, data provided by FactSet.

NEED Fund Description

The Direxion Daily Consumer Staples Bull 3x Shares ETF provides 3x leveraged exposure to the U.S. consumer non-discretionary sector.

NEED Factset Analytics Insight

NEED is a daily 3x leveraged bet on the S&P Consumer Staples Select Industry Index. NEED does this through a portfolio swaps contracts that gets rebalanced at the end of each trading day. Because of this rebalancing, the fund’s return for periods longer than a day becomes path dependent, and is likely to be different from three times the return of the index for the same period. This makes NEED suitable primarily for short-term traders. The expense ratio has minimal impact on the cost of holding these funds for a short period of time, and would matter little to someone who is speculating on the short-term movements of biotech companies. Trading costs as reflected in spreads, and potential premium/discounts are the predominant consideration here.

NEED Charts And Performance

  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
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PERFORMANCE [as of 02/21/20] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
NEED 2.37% 15.46% 6.84% 60.76% -- -- --
NEED (NAV) 2.45% 15.68% 7.13% 60.67% -- -- --
S&P Consumer Staples Select Sector Index 1.03% 6.32% 2.70% 21.73% 8.64% 8.47% --
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

NEED Summary Data

Direxion
11/29/18
Open-Ended Fund
0.97%
$7.32M
0.10%

NEED Portfolio Data

1.30%
03/24/20

NEED Index Data

Market Cap
Market Cap
N/A

NEED Fund Structure

No
--
No Policy
N/A
N/A
High
3
Daily

NEED Tax Exposures

20.00% / 39.60%
--
No
Cboe Book Viewer
Top Of Book
Last 10 Trades
Bats BZX Real-time Quote -

NEED Factset Analytics Block Liquidity

As of 02/24/20
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of NEED. NEED is rated a N/A out of 5.

NEED Tradability

8,329
$290.41K
6,304
$228.04K
0.10%
$0.04
-0.07%
0.55% / -1.17%
None
--
50,000
0.13
0.01%
--
0
$36.83
N/A